KAPCO shareholders approve up to $47.5 million financing for Attock Cement share acquisition

Kot Addu Power Company Limited shareholders have approved the company’s plan to arrange or incur financing of up to $47.5 million for the acquisition of shares in Attock Cement Pakistan Limited.

The approval was granted at KAPCO’s 15th Extraordinary General Meeting held on July 13, 2026.

Under the resolution, the company may obtain the financing together with related security arrangements, guarantees, indemnities, charges, mortgages and other ancillary facilities connected with the proposed acquisition.

Shareholders also authorised any two officials acting jointly from among the Chief Executive, General Manager Finance or Chief Financial Officer, and Company Secretary to act on behalf of KAPCO for the debt arrangement.

The authorised officials may execute financing and security documents, agreements, undertakings, notices and other documents required to complete the transaction.

In a separate resolution, shareholders approved and adopted the company’s proposed Articles of Association.

The Chief Executive and Company Secretary were authorised individually to submit the required forms, returns and documents to the Securities and Exchange Commission of Pakistan and other regulatory authorities.

The revised Articles of Association may also be amended in line with any directions issued by the Securities and Exchange Commission of Pakistan without requiring shareholders to pass another special resolution.