Bestway Cement Limited (BCL) has announced its plans to establish a wholly owned subsidiary to enter Pakistan’s automobile sector.
The cement maker disclosed this development through a notice sent to the Pakistan Stock Exchange (PSX) on Monday.
“We wish to inform you that the Board of Directors of Bestway Cement Limited (the Company) in their meeting held on Friday, September 19, 2025 at 4:30 p.m. at registered office Islamabad has decided the following: To incorporate a wholly owned subsidiary as a private limited company to undertake business / investments in the automobile sector in Pakistan,” read the notice.
The board decided to invest up to Rs 4 billion in equity and extend a shareholder loan of up to Rs 6 billion to the new subsidiary.
However, the company’s decision is pending for approvals from shareholders under Section 199 of the Companies Act, 2017.
The company said in the notice: “To this end, to invest, subject to approval by the Company’s shareholders… equity of up to PKR 4 billion in the said subsidiary and to extend to it a shareholder loan of up to PKR 6 billion in aggregate.”
The move marks BCL’s diversification into the automobile sector, aiming to leverage growth opportunities beyond its core cement business while remaining committed to delivering shareholder value.
Bestway Cement Limited is a public limited company incorporated in Pakistan on 22 December 1993 under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017, on 30 May 2017). The company is principally engaged in the production and sale of cement. It is a subsidiary of Bestway International Holdings Limited (BIHL), which holds 56.43% of the company’s shares.
Bestway International Holdings Limited is a wholly owned subsidiary of Bestway Group Limited (BGL), the ultimate parent company. Both BIHL and BGL are incorporated in Guernsey.
