Amid speculation regarding a potential sale of Attock Refinery Limited (ARL), the company dismissed these rumours in a stock filing on Monday.
In a statement to the Pakistan Stock Exchange (PSX), ARL—a significant player in Pakistan’s petroleum refining sector—clarified that “no such matter [regarding the sale of the company] is under consideration.”
This announcement followed concerns raised by shareholders and analysts during a corporate briefing on November 8, 2024.
The Rawalpindi-based refinery assured investors of its full compliance with legal and regulatory standards.
The company spokesperson reiterated ARL’s commitment to adhering to all relevant regulations and maintaining transparency with stakeholders. The clarification was issued under Clause 5.6.2 of the PSX Rule Book.