Big Bird Foods Limited (BBFL) has announced the successful repayment of Rs. 458.54 million in outstanding debt to Saudi Pak Industrial and Agricultural Investment Company Limited (SAPICO). the company notified the Pakistan Stock Exchange (PSX).
According to the official notification, the repayment was financed through non-operational cash flow sources, reflecting BBFL’s strategic focus on strengthening its financial position and reducing leverage.
This move underscores the company’s commitment to maintaining a robust balance sheet, enhancing financial flexibility, and driving sustainable growth, the notification added.
The management of BBFL emphasized that this initiative aligns with their long-term goal of maximizing shareholder value and ensuring financial stability.
The principal business of the company is to carry on the business of the manufacturer, importer, exporters suppliers, distributors, agents of dealers/manufacturers doing business in food and produce of every kind and to act as agent of manufacturers, merchants, traders, and others for the purchase, disposal and sale of all kind of merchandise, goods, commodities, materials and generally to undertake and to carry out agency work of any kind in any part of the world except managing Agency business.