Fauji Foods Limited, () formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Pakistani conglomerate company
Fauji Foundation, owned by
Pakistan Army
The Pakistan Army (, ) is the Army, land service branch of the Pakistan Armed Forces. The roots of its modern existence trace back to the British Indian Army that ceased to exist following the partition of India, Partition of British India, wh ...
.
The company is known for its dairy products and brands such as ''Nurpur'', and ''Dostea''. The company is based in
Lahore, Pakistan. It is listed on the
Pakistan Stock Exchange
The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021.
The PSX was established on 11 ...
.
History
Noon family
The company was established in 1966 as part of Noon Group by Pakistani political family
Noon family. The company shares were formerly held by Pakistani politician
Malik Adnan Hayat Noon
Malik Adnan Hayat Noon is a Pakistani politician and businessman who is the shareholder of Noon Pakistan and is a member of the Noon family of Pakistan. His wife Tahia Noon is also a politician.
He is a former member of the National Assembly of ...
and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively.
Fauji Foundation
In 2015, Fauji Foundation acquired Noon Pakistan. Before acquisition, company was in loss for two consecutive years.
In 2018, Chinese company,
Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods. Later, in 2019, it has withdrawn its interest.
FFBL Investment
Fauji Fertilizer Bin Qasim will give a loan of Rs. 3.5 billion to Fauji Foods.
References
Fauji Foundation
Food and drink companies of Pakistan
2015 mergers and acquisitions
Companies listed on the Pakistan Stock Exchange
Food and drink companies established in 1966
Companies based in Lahore
Pakistani companies established in 1966
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