KARACHI: Shell Pakistan Limited has officially rebranded as Wafi Energy Pakistan Limited, effective January 13, 2025. The name change follows the successful acquisition of a majority stake by Wafi Energy Holding Limited.
The Securities and Exchange Commission of Pakistan (SECP) issued a certificate of incorporation to formalize the name change, as disclosed by the company to the Pakistan Stock Exchange (PSX) on Tuesday.
Under the acquisition deal, Wafi Energy Holding Limited acquired approximately 187.86 million ordinary shares, representing 87.78% of Shell Pakistan’s total issued share capital. This transaction was executed through a Share Purchase Agreement (SPA) dated October 31, 2023. A mandatory tender offer was also extended to the remaining shareholders, providing them an opportunity to sell their shares.
The rebranding marks a new chapter for the company as it transitions under Wafi Energy’s leadership, promising innovative approaches and strategic growth in Pakistan’s energy sector.
