Fauji Foods

Fauji Foods Limited, (Urdu: فوجی فوڈز) formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Pakistani conglomerate company Fauji Foundation.[3] It is based in Lahore, Pakistan.

Fauji Foods
Company typePublic
PSX: FFL
Founded1966 (1966)
HeadquartersLahore, Pakistan
Key people
Muhammad Haseeb Aslam (CEO)[1]
ProductsNurpur
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)
OwnerFauji Fertilizer Bin Qasim (47.84%)
Fauji Fertilizer Company (18.45%)
FFBL Power Company (15.87%)
Number of employees
 (2023)
ParentFauji Foundation
SubsidiariesFauji Infraavest Foods
Fauji Cereals
Websitefaujifoods.com
Footnotes / references
Financials As of 30 June 2023 [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]

History

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 Foundation acquired Noon Pakistan.[9] Before acquisition, company was in loss for two consecutive years.[10] Fauji Fertilizer Bin Qasim will give 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Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.[12] Later, in 2019, it has withdrawn its interest.[13]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]

References
  1. Iqbal, Ahsan. "Our Leadership".
  2. "Fauji Foods Annual Report 2023" (PDF). Retrieved 18 May 2024.
  3. Mangi, Faseeh; Marlow, Iain; Kay, Chris (August 14, 2017). "Army-Owned Firm Seeks to Double Share in Pakistan Dairy Market". Bloomberg.
  4. Hussain, Dilawar (May 4, 2015). "FFBL diversifies from food to power". DAWN.COM.
  5. Hussain, Dilawar (November 23, 2014). "Fauji Fertiliser to enter food processing industry". DAWN.COM.
  6. "Fauji Foods losses continue, despite revenue growth". Profit by Pakistan Today. February 6, 2021.
  7. "Noon Pakistan Limited (NOPK)". November 24, 2015.
  8. "History of Fauji Foods Limited".
  9. "FFBL board approves acquisition of Noon Pakistan". www.thenews.com.pk. February 16, 2015.
  10. "FFBL, Fauji Foundation to acquire Noon Pakistan". The Express Tribune. March 28, 2015.
  11. Ali, Meiryum (2020-12-05). "Fauji Fertilizer Bin Qasim to bail out Fauji Foods with Rs3.5 billion loan – yet again". Profit by Pakistan Today. Retrieved 2020-12-11.
  12. "China's Yili Group expresses intent to acquire Fauji Foods". The Express Tribune. August 1, 2018.
  13. "Chinese industrial group withdraws intention to acquire Fauji Foods". The Express Tribune. April 30, 2019.
  14. "Fauji Foods acquires subsidiaries". The News International.
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