Fatima Fertilizer Company Limited has won an important milestone, its market capitalization is now crossing the $ 1 billion market.
According to a report by Arif Habib Limited, this impressive growth supports the company’s stable income, regular dividend payments and a strong net cash position.
The recent rally in the price of Fatima’s shares was run by several factors.
Thanks to the strong inventory level, the company benefited from a high margin in its NP-PhOS Rock class. Its urea business also remained solid, which provides a stable basis for development.
Fatima Petroleum Company Limited, which is a fully proprietary subsidiary, has signed a form -out contract with the Hycarback American Energy Inc. Under this agreement, Fatima Petroleum will gain 25 % non -operating working interest in Peshawar block, which is located in Khyber Pakhtunkhwa. The move is subject to regulatory and government approval as well as other customs.
This new project indicates Fatima’s growing presence in Pakistan’s energy sector and indicates its intention to divert beyond fertilizer. Extension of the company’s oil and gas, with its strong basic business.
In addition, Fatima’s new areas are being paid for extension. Ventures such as National Resources (Pvt) Limited and Fatima Petroleum Company Limited have participated in the company’s top speed.