Kot Addu Power Company Discloses SPA for Sale of Majority Stake in Attock Cement -

PAKISTAN

Kot Addu Power Company Limited (KAPCO) has informed the Pakistan Stock Exchange that a Sale and Purchase Agreement (SPA) was executed on January 30, 2026, in connection with the sale of a majority shareholding in Attock Cement Pakistan Limited (ACPL).

According to the notice, the SPA has been entered into between Fauji Cement Company Limited, as the purchaser, and Pharaon Investment Group Limited Holding S.A.L., as the seller, for the acquisition of 84.06 percent of the issued and paid-up share capital, along with joint control of Attock Cement Pakistan Limited.

The completion of the transaction is subject to several conditions, including the issuance of a public offer by the purchaser in accordance with the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The transaction will also require necessary corporate and regulatory approvals, including approval from the shareholders of the company and clearance from the Competition Commission of Pakistan (CCP), along with the fulfillment of other customary closing formalities.

Further details will be shared as the transaction progresses, the company said.

From Fauji Cement
We wish to inform you that a share purchase agreement (“SPA”) has been entered
into on 30 Jan 2026 between the Company and KAPCO (the “Purchasers”) and Pharaon
Investment Group Limited Holding S.A.L. (the “Seller”) with respect to the sale of 84.06% of the total issued and paid-up capital, and joint control of the Target (the “Transaction”).

Completion of the Transaction will be subject to the issuance of a public offer by the Purchasers pursuant to the Securities Act, 2015 and Listed Companies (Substantial
Acquisition of Voting Shares and Takeovers) Regulations, 2017, receipt of requisite approvals including clearance from the Competition Commission of Pakistan and the satisfaction of other closing formalities.

ER News Desk

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