Attock Cement Pakistan Limited has authorized its management to assess a potential merger with Fauji Cement Company Limited, opening the way for a major consolidation in Pakistan’s cement industry.

The company’s board approved the proposal at its meeting on August 11, 2026, according to a disclosure filed with the Pakistan Stock Exchange (PSX).

Management will now examine the feasibility of the proposed transaction and submit its findings and recommendations to the board. The company has not disclosed a potential transaction value or a timeline for completing the assessment.

The board also decided not to declare a final cash dividend for the year ended June 30, 2026. Attock Cement had already paid an interim dividend of Rs0.50 per share, equivalent to 5%, during the year.

Attock Cement is an associated company of Kot Addu Power Company (KAPCO), which holds approximately 46% of Attock Cement’s issued share capital, according to KAPCO’s disclosures to the PSX.

Separately, the board approved a proposal to relocate Attock Cement’s registered office from Karachi to Rawalpindi. The change will require approval from shareholders at the company’s upcoming annual general meeting, along with fulfillment of applicable regulatory and legal requirements.

Attock Cement’s annual general meeting is scheduled for September 22, 2026, in Karachi. Shareholders listed in the company’s register as of September 14 will be eligible for the declared entitlement.