Each Fatima ADR represents 50 ordinary shares and trades on the over-the-counter (OTC) market under the symbol "FTMFY."
Fatima Fertilizer’s ordinary shares trade on all three stock exchanges (Karachi, Lahore and Islamabad) in Pakistan.
Fatima Fertilizer Company produces two intermediate products (ammonia and nitric acid) and four final products (nitro phosphate, nitrogen phosphorous potassium, calcium ammonium nitrate, and urea).
Fatima’s complex also includes a 56 megawatt captive power plant in addition to off-sites and utilities.
BNY Mellon’s Depositary Receipts business CEO Michael Cole-Fontayn said as the first Pakistan-based company to begin trading on the US OTC markets, Fatima Fertilizer will be the first Pakistani stock readily available to both retail and institutional investors.
"With our IR advisory and transactional expertise, we can offer Fatima Fertilizer the opportunity for enhanced exposure to the world’s capital markets," Cole-Fontayn said.
