Fauji Foods
 | |
| Company type | Public |
|---|---|
| PSX: FFL | |
| Founded | 1966 |
| Headquarters | Lahore, Pakistan |
Key people | Muhammad Haseeb Aslam (CEO)[1][2] |
| Parent | Fauji Foundation |
| Website | www |
Fauji Foods, formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Pakistani conglomerate company Fauji Foundation, owned by Pakistan Army. The company is known for its dairy products and brands such as Nurpur, and Dostea.[3] The company is based in Lahore, Pakistan.
The company is listed on the Pakistan Stock Exchange.[4]
History
The company was established in 1966 as part of Noon Group by Pakistani political family Noon family.[5] The company shares were formerly held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively.[4]
In 2015, Fauji Foundation acquired Noon Pakistan.[6] Before acquisition, company was in loss for two consecutive years.[7]
In 2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.[8] Later, in 2019, it has withdrawn its interest.[9]
References
- ^ https://www.faujifoods.com/our-leadership/
- ^ https://propakistani.pk/2020/07/01/haseeb-aslam-appointed-as-the-new-ceo-of-fauji-foods/
- ^ Hussain, Dilawar (May 4, 2015). "FFBL diversifies from food to power". DAWN.COM.
- ^ a b Hussain, Dilawar (November 23, 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
- ^ "Noon Pakistan Limited (NOPK)". November 24, 2015.
- ^ "FFBL board approves acquisition of Noon Pakistan". www.thenews.com.pk. February 16, 2015.
- ^ "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. March 28, 2015.
- ^ "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. August 1, 2018.
- ^ "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. April 30, 2019.
 Companies of the KSE 100 Index | |
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As of February 2024 |
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