Attock Cement Pakistan Limited and Fauji Cement Company Limited are exploring a potential merger, with the boards of both companies authorising their respective management teams to evaluate the feasibility of the proposed transaction.
The move could reshape Pakistan’s cement industry if the two companies proceed with the deal. Management teams will assess the financial, operational and regulatory aspects before any final decision is taken.
Separately, Attock Cement’s board has approved a proposal to shift the company’s registered office from Karachi to Rawalpindi. The relocation remains subject to approval from shareholders and relevant regulatory authorities.
The development comes as Attock Cement reported a strong financial performance for FY2026. The company’s annual net profit nearly doubled to Rs3.42 billion, compared with Rs1.73 billion recorded in the previous year.
The company’s revenue also increased substantially, reaching Rs44.32 billion, up from Rs33.31 billion a year earlier. Earnings per share rose to Rs24.86, reflecting the improvement in profitability.
Despite the stronger financial results, Attock Cement’s board recommended no final dividend for the year. The company had previously paid an interim dividend of Rs0.50 per share.
The potential merger with Fauji Cement, combined with Attock Cement’s improved financial performance, could have significant implications for the company and Pakistan’s broader cement sector. Further details are expected once the feasibility assessment and required approvals progress.
