Karachi April 14 2022: The Board of Directors of Mari Petroleum Company Limited (MPCL), in its meeting held today (April 14, 2022), has approved the divestment of entire shareholding of MPCL comprising 20.9 million shares in National Resources (Pvt) Limited (NRL), according to company filling at exchange.
The transaction will be carried out on Book Value Basis as at February 28, 2022, subject to execution of Share Purchase Agreement and obtaining of requisite approvals.
National Resources Pvt Ltd (NRL), a joint venture of Pakistan’s six leading business houses formed primarily to develop Reko Diq reserves. Formed in April 2019, NRL is a joint venture of Lucky Group, Arif Habib Limited, Liberty Group, Fatima Group, Mari Petroleum and South Western Mining Company.
