KARACHI: On behalf of the Arif Habib Consortium, Arif Habib Corporation Limited (AHCL)is pleased to announce that a Special Purpose Vehicle, namely PIA Equity Limited (PIAEL), has added Fauji Fertilizer Company Limited (FFCL) as one of its shareholders. PIA Equity Limited shall own 100 percent of Pakistan International Airlines.
PIA Equity Limited’s shareholding now comprises Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, Lake City Holdings, AKD Group, The City School Group, and Fauji Fertilizer Company Limited.
PIAEL will serve as the central platform for the acquisition and future stewardship of PIACL, bringing together a group of institutional investors under a unified structure. The consortium continues to work closely with the Privatisation Commission to advance the transaction towards successful completion.
