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Pakistani food company From Wikipedia, the free encyclopedia
Fauji Foods Limited, (Urdu: فوجی فوڈز) formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company.[3] It is based in Lahore, Pakistan.
Company type | Public |
---|---|
PSX: FFL | |
Founded | 1966 |
Headquarters | Lahore, Pakistan |
Key people | Muhammad Haseeb Aslam (CEO)[1] |
Products | Nurpur Dostea |
Revenue | Rs. 19.809 billion (US$69 million) (2023) |
Rs. 936.507 million (US$3.2 million) (2023) | |
Rs. 605.111 million (US$2.1 million) (2023) | |
Total equity | Rs. 14.055 billion (US$49 million) (2023) |
Owner | Fauji Fertilizer Company (66.29%) FFBL Power Company (15.87%) |
Parent | Fauji Fertilizer Company |
Subsidiaries | Fauji Infraavest Foods Fauji Cereals |
Website | faujifoods |
Footnotes / references Financials as of 30 June 2023[update] [2] |
Fauji Foods is known for its dairy products and brands such as Nurpur, and Dostea.[4] It is listed on the Pakistan Stock Exchange.[5]
Fauji Foods was established in 1966 as part of Noon Group by Pakistani political family Noon family.[6][7] It was listed on the Karachi Stock Exchange in 1970.[8] The shares of the company were held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively until 2015.[5]
In 2015, Fauji Fertilizer Bin Qasim acquired Noon Pakistan.[9] Before acquisition, company was in loss for two consecutive years.[10] Later, Fauji Fertilizer Bin Qasim gave a loan of Rs. 3.5 billion to Fauji Foods.[11]
In 2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.[12] Later, in 2019, it has withdrawn its interest.[13]
In February 2024, Fauji Foods acquired Fauji Infraavest Foods Limited and Fauji Cereals from Fauji Foundation.[14]
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