Attock Refinery Limited (ARL) has received an offer for the acquisition of a 70 percent shareholding in its wholly owned subsidiary, Attock Hospital (Private) Limited, according to a notice submitted to the Pakistan Stock Exchange (PSX).
The company said the offer was made by M. Shuaib A. Malik, who serves as Chairman and Director, for the purchase of a majority stake in the unlisted hospital subsidiary.
ARL stated that the proposal will be placed before its Board of Directors for consideration and will remain subject to all necessary corporate and regulatory approvals.
The refinery added that any potential transaction would depend on the finalization of terms and conditions, execution of definitive agreements, and receipt of all required approvals. The company said it would keep the exchange informed of any further material developments.
Founded in 1913, the Attock Group is one of Pakistan’s oldest and largest conglomerates and the country’s only fully integrated oil and gas group. Its businesses span oil and gas exploration, refining, fuel marketing, cement, power generation, healthcare, information technology, renewable energy, and real estate through companies including Pakistan Oilfields, Attock Refinery, Attock Petroleum, National Refinery, and Attock Cement.
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