News and Events
BOA- Merrill Lynch as the “Market Maker” for Fatima Fertilizer
New York, March 2012: Bank of America-Merrill Lynch has been approved by the US regulator FINRA to act as “Market Maker” for Fatima Fertilizer Company Ltd (Fatima) for its Sponsored Level 1 American Depository Receipt (ADR) program. BOA-Merrill Lynch, one of the world’s premier providers of wealth management, securities trading and sales, corporate finance and investment banking services, will facilitate the trading of Fatima’s ADR on the OTC market in USA.
It must be noted that a year ago, in March 2011, Fatima appointed BNY Mellon, the global leader in asset management and securities servicing, as the Depositary Bank for its ADR program. Fatima’s ADRs are tradable on the over-the-counter (OTC) market in USA under the symbol "FTMFY." Fatima became the first Pakistan based company to facilitate trading on the US OTC markets enabling both retail and institutional investors in the US and internationally to trade readily in more convenient daylight hours. This partnership of Bank of America-Merrill Lynch and Fatima will offer greater opportunities to the Global investor community to invest in Pakistan based securities, while enabling the company and the country to benefit from the higher visibility provided by the ADR Program.
27th Board Meeting Fatima Fertilizer Company Limited
On March 9, 2012, the 27th meeting of the Board of Directors of Fatima Fertilizer Company Limited was held at head office, E-110 Khayaban-e-Jinnah, Lahore Cantt. The annual accounts for the period ended December 31, 2011 were considered.
Board Meeting Fatima Fertilizer Company Limited
Board of Directors meeting of Fatima Fertilizer Company limited is schedule to held on March 9, 2012 at 3:30 p.m. at head office, E-110 Khayaban-e-Jinnah, Lahore Cantt., Pakistan, to consider the Annual Accounts for the year ended December 31, 2012.
Fatima Fertilizer Company Limited added to global stock index
Fatima Fertilizer has joined the ranks of top local companies as it has been added to Morgan Stanley Capital International (MSCI) Pakistan Index and MSCI Frontier Index from November 30, according to latest MSCI quarterly review. MSCI is a leading provider of investment decision tools worldwide and is widely used by top global fund managers to track a stock exchange’s position and make fund allocations accordingly. Recent data shows that Pakistan, a part of MSCI Frontier Index, has witnessed its weight rising slightly to 4.4% against 4% in June. Pakistan is sixth in the index weight-age wise and is the highest weighted South Asian country that includes Sri Lanka and Bangladesh.
