KARACHI: August 12, 2026: Attock Cement Pakistan Limited has taken a significant step toward a potential merger with Fauji Cement Company Limited, authorizing its management to explore and evaluate the feasibility of the proposed transaction.
According to a disclosure submitted to the Pakistan Stock Exchange (PSX), the Board of Directors of Attock Cement, in its meeting held on August 11, 2026, authorized the company’s management to examine the feasibility of a potential merger with Fauji Cement and present its recommendations to the Board for consideration.
The development was also communicated by Kot Addu Power Company Limited (KAPCO), which stated that Attock Cement is an associated company in which KAPCO holds 46% of the issued share capital. KAPCO disclosed that Attock Cement had made the relevant public announcement through PUCARS on August 11, 2026.
The proposed transaction remains at the feasibility and evaluation stage. The latest announcement does not indicate that a merger agreement has been finalized or that the transaction has received final approval. Instead, management will assess the potential merger and subsequently submit its recommendations to the Attock Cement Board.
Registered Office to Shift to Punjab
In another key decision, Attock Cement’s Board approved a proposal to shift the company’s registered office from Karachi, Sindh, to Punjab.
The proposed relocation will require approval from the company’s shareholders through a Special Resolution at the forthcoming Annual General Meeting, along with compliance with applicable statutory and regulatory requirements.
No Final Cash Dividend for FY2026
The company also announced that its Board recommended no final cash dividend for the year ended June 30, 2026. This is in addition to interim dividends of Rs0.50 per share, or 5%, that had already been paid during the year. No bonus shares, right shares or other entitlement were recommended.
Attock Cement’s Annual General Meeting is scheduled to be held on September 22, 2026, at 11:00 a.m. in Karachi, where shareholders will consider the matters placed before them, including the proposed registered-office relocation.
The potential merger with Fauji Cement could become an important development for Pakistan’s cement industry, but its eventual outcome will depend on the feasibility assessment, Board consideration, shareholder approvals and fulfillment of regulatory requirements. For now, the companies have only moved forward with evaluating the possibility of the transaction.
