ISLAMABAD: Wafi Energy Holding Limited has become the majority shareholder of Shell Pakistan Limited (SPL) after Shell Petroleum Company Limited, a subsidiary of global Shell plc (Shell), completed the sale of its 77.42 percent interest in SPL, a statement from the group said on Thursday.
Wafi Energy, an established Saudi company and an affiliate of the Asyad Group, now holds approximately 87.78 percent of the total issued share capital of SPL. The Shell brand will remain in Pakistan through retail and brand licensing agreements, with SPL as the exclusive brand licensee.
“Wafi Energy is excited to announce its entry into Pakistan by acquiring majority ownership of Shell Pakistan Limited. This marks a significant milestone in the Asyad Group’s commitment to expanding its presence in Pakistan and the region,” Ghassan Amoudi, CEO of Asyad Holding Group and incoming Chairperson of SPL, said.
“As the exclusive Shell Licensee, we are delighted that the Shell brand remains in Pakistan. This continuation builds on a strong legacy, supported by a team of highly skilled professionals who ensure customers have access to Shell’s premium fuel and lubricant offerings, all delivered with the highest safety and security standards.”
Waqar Siddiqui, the Chief Executive and Managing Director of Shell Pakistan Limited,said the company would continue to build a “sustainable energy future for Pakistan, combining Wafi Energy’s commitment to growth and investment and Shell’s strong legacy of innovation and trust in the country.
“This new chapter offers Shell Pakistan Limited the opportunity to build upon this strong foundation, ensuring the continued delivery of quality products to their valued customers.”
SPL is one of the oldest multinationals in Pakistan with a network of 600+ sites, countrywide storage facilities and a broad portfolio of global lubricant brands.
Shell has endeavored to support Pakistan’s developmental priorities, from developing and distributing energy by land, air and sea, to providing petroleum products for the construction of mega projects like the Mangla Dam and Kotri Barrage, expanding the country’s growing road infrastructure, to powering the first flights of Pakistan International Airlines, and supporting the next generation of innovative entrepreneurs in Pakistan.
Saudi Arabia’s Wafi Energy becomes majority shareholder in Shell Pakistan
https://arab.news/jf37m
Saudi Arabia’s Wafi Energy becomes majority shareholder in Shell Pakistan
- Wafi Energy, an affiliate of Asyad Group, holds approximately 87.78% of the total issued share capital of SPL
- SPL has a network of 600+ sites, countrywide storage facilities and broad portfolio of global lubricant brands
FIFA appoints Pakistani lawmaker to its reforms committee— state media
- Syeda Amnah Batool is the only Pakistani representative serving on various FIFA committees, says state media
- Pakistan’s ties with FIFA have seen ups and downs, with the global body suspending Islamabad thrice in eight years
ISLAMABAD: Pakistani lawmaker Syeda Amnah Batool has been appointed to FIFA’s Institutional Reforms Committee, making her the sole representative from her country on various committees of the global football body, state media reported on Thursday.
FIFA’s reforms committee determines how the global football body is governed, operates and interacts with member associations and other football stakeholders.
Syeda Amnah Batool is a member of Pakistan’s National Assembly from the ruling Pakistan Muslim League-Nawaz (PML-N) party. She also serves as focal person to the Prime Minister’s Youth Program.
“The appointment marks a significant achievement for Pakistan in both the sporting and diplomatic spheres, as Syeda Amna Batool becomes the sole Pakistani representative currently serving on various FIFA committees,” the state-run Associated Press of Pakistan said in a report.
APP said Batool’s appointment reflects FIFA’s renewed confidence in Pakistan’s institutional direction and its constructive role in global football governance.
The development takes place after FIFA Senior Vice President Sheikh Salman bin Ibrahim Al Khalifa’s three-day visit to Pakistan last month. The FIFA official discussed the development of football infrastructure with Pakistani football executives and government officials during his trip.
Pakistan’s relations with FIFA have improved recently, with the global body suspending Pakistan as a member three times over the past eight months. It last suspended Pakistan in February this year after the Pakistan Football Federation (PFF) rejected its electoral reforms.
FIFA lifted the suspension a month later in March when the PFF unanimously approved FIFA’s proposed constitutional amendments in an extraordinary meeting.
Football has long been popular among Pakistan’s youth but in recent years participation has grown at the grassroots level amid rising interest in international leagues.
Local tournaments, school competitions, and community clubs across major cities have further fueled enthusiasm for the sport.
