Friday, December 19 2025

Maple Leaf Cement to acquire majority stake in Pioneer Cement for $270.5mn
Maple Leaf Cement Factory Limited (MLCF) has launched a public offer to acquire up to 11.72% of Pioneer Cement Limited (PIOC) at Rs478.43 per share, following a prior agreement to purchase a 58.03% stake at the same rate. The combined transaction, representing 69.75% of PIOC’s shares, amounts to Rs75.8 billion ($270.5 million), according to filings submitted to the Pakistan Stock Exchange (PSX) on Thursday. The move will give MLCF management control of Pioneer Cement. “MLCF currently owns 17,321,046 shares constituting 7.63% of the issued and paid-up ordinary shares capital of PIOC of the face value of Rs10 each. “Maple Leaf Capital Limited (MLCL), an associated company of MLCF, currently owns 24,609,001 shares constituting 10.83% of the issued and paid-up ordinary shares capital of PIOC of the face value of Rs. 10 each. Waleed Tariq Saigol, a director in MLCF, currently owns 152,000, constituting 0.07% of the issued and paid-up ordinary shares capital of PIOC of the face value of Rs. 10 each.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: mlcf (news stock) pioc (news stock)

Wednesday, December 03 2025

Cement exports dip for third month in a row
Cement exports dropped 26.53% in November 2025 as supplies shrank to 590,183 tons from 803,258 tons in November 2024. This reflects a continued decline in exports over the past three months, with shipments contracting 23% in October and 15% in September, according to data released by the All Pakistan Cement Manufacturers Association. On the contrary, domestic cement dispatches in November 2025 were 3.549 million tons compared to 3.472 million tons in November 2024, showing a slight rise of 2.23%. Total cement sales during November 2025 stood at 4.14 million tons against 4.275 million tons during the same month of last fiscal year, down 3.16%. North-based mills supplied 3.019 million tons, which was almost equal to sales of 3.009 million tons last year. However, southern mills dispatched 1.12 million tons, lower by 11.49% compared to dispatches of 1.26 million tons in November 2024.
Related news categories: business cement economic-indicators psx stock-exchanges