Fecto Cement Limited (FECTO) has announced the completion of the sale of its investment property located near Islamabad International Airport, Rawalpindi.
In a notice to the Pakistan Stock Exchange (PSX) on Friday, FECTO stated that the entire sale proceeds have been received, marking the full completion of the transaction.
“We are pleased to announce that the sale of the company’s investment property situated near Islamabad International Airport, Airport Avenue Road, Laundi, Thalian, Rawalpindi, having a total covered area of 124.625 kanals, has been fully completed, and the entire sale proceeds have been received,” read the notice.
The Board of Directors had approved the disposal in its meeting held on September 25, 2025, which was subsequently ratified by the company’s members during the 44th Annual General Meeting on October 27, 2025.
The company added that all updates regarding the transaction were duly communicated to relevant stakeholders and regulatory authorities.
“The company intends to utilise the sale proceeds to fund prospective expansion and Balancing, Modernisation, and Replacement (BMR) projects, which are expected to enhance production capacity, improve operational efficiency, and strengthen overall profitability,” it added.
Fecto Cement Limited was incorporated in Pakistan as a public limited company in 1981. The company is engaged in the manufacturing and sale of Portland cement.
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