Fauji Fertilizer Company (FFC) has been appreciated by the Central Depository Company (CDC) for the earliest announcement of book closure within 15 days of approval of third interim dividend by the Board of Directors and subsequent fastest electronic disbursement of dividend into shareholders’ accounts on the 8th day, after the start of book closure. Thus, achieving compliance well before the deadlines as per SECP directives.
In a meeting with high officials of CDC, Mr. Imran Rizvi, Head of Shares Department FFC acknowledged that it was the joint teams’ effort of CDC Share Registrar (CDCSR), FFC, and AKBL – the designated bank of FFC, which made this distinct achievement possible by creating a new milestone in corporate history.
Read more: FFC becomes largest taxpayer in manufacturing sector
FFC wins Best Corporate Excellence Award
Important to note, due to FFC’s remarkable performance, it has won numerous awards. In November, the company won the Best Corporate Excellence Award in Fertilizer Sector for the seventh consecutive year as adjudged by the Management Association of Pakistan (MAP). Brig Asrat Mahmood (Retd), the Company Secretary, and Syed Imran Rizvi, Head of Shares, received the award.
The award was an acknowledgment of Best Management Practices, distinguished Corporate Governance, Industrial Laurels, and Shareholders’ Value that FFC has been maintaining since its inception.
Additionally, FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst the Top 25 Companies consecutively for 10 years attributed to its Compliance of Code of Corporate Governance, Company Performance, and Efficient Management.
Moreover, back in 2019, the company won the highest category prestigious award ‘Best Company of The Year’ by Rawalpindi Chamber of Commerce and Industry (RCCI) at 32nd RCCI International Achievement Awards held in Kuala Lumpur, Malaysia. His Excellency Dr. Mahathir Bin Mohammad, Prime Minister of Malaysia, conferred the awards.
Read more:Â FFC becomes largest taxpayer in manufacturing sector