The Board of Directors of Fatima Fertilizer Company Limited (PSX: FATIMA) has approved a Scheme of Compromises, Arrangement, and Reconstruction involving the transfer of its Multan plant operations to Pakarab Fertilizers Limited.

In a notification to the Pakistan Stock Exchange (PSX) on Tuesday, the company announced that the demerger will be carried out in accordance with the terms and conditions outlined in the approved Scheme. The move is part of a broader restructuring effort aimed at streamlining operations between the two entities.

The proposed demerger is contingent upon obtaining all necessary corporate, regulatory, and other required approvals, consents, and authorizations. Fatima Fertilizer assured stakeholders that updates on the progress of the matter will be shared as developments occur.