Fatima Fertilizer Joins the $1 Billion Club
Fatima Fertlizer Company Ltd has achieved a major milestone, with its market capitalization now crossing the $1 billion mark.
This impressive growth is backed by the company’s steady earnings, regular dividend payouts, and a strong net cash position, according to a report by Arif Habib Ltd.
The recent rally in Fatima’s share price was driven by several factors.
The company benefited from higher margins in its NP-Phos rock segment, thanks to strong inventory levels. Its urea business also remained solid, providing a stable foundation for growth.
Fatima Petroleum Company Limited, a wholly owned subsidiary, has entered into a farm-out agreement with Hycarbex American Energy Inc. Under this deal, Fatima Petroleum will acquire a 25% non-operating working interest in the Peshawar Block, located in Khyber Pakhtunkhwa. This move is subject to regulatory and government approvals, as well as completion of other formalities.
This new venture marks Fatima’s growing presence in Pakistan’s energy sector and signals its intent to diversify beyond fertilizers. The company’s expansion into oil and gas, alongside its strong core business.
In addition, Fatima’s expansion into new areas is paying off. Ventures like National Resources (Pvt) Limited and Fatima Petroleum Company Limited have contributed to the company’s upward momentum.
FATIMA’s scrip at the bourse was closed at Rs. 141.04, up by Rs. 12.82 or 10 percent, with a turnover of 7.9 million shares on Wednesday.
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