$SHELL
As of February 28, 2025, Shell Pakistan Limited has officially rebranded as Wafi Energy Pakistan Limited following its acquisition by Saudi Arabia's Wafi Energy Holding Limited. The Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation on Change of Name, formalizing this transition.
The acquisition, completed in January 2025, involved Wafi Energy Holding Limited purchasing an 87.78% stake in Shell Pakistan. This strategic move marks Wafi Energy's expansion into the Pakistani market, aiming to enhance its presence in the region.
In line with the rebranding, the Pakistan Stock Exchange (PSX) has updated the company's ticker symbol from 'SHEL' to 'WAFI,' effective March 3, 2025.
As of the latest trading session, Wafi Energy Pakistan Limited's stock closed at Rs. 189.13, reflecting a 2.18% decrease from the previous close. The day's trading range was between Rs. 184.00 and Rs. 189.99, with a volume of 37,395 shares.
This acquisition and rebranding signify a significant shift in Pakistan's energy sector, with Wafi Energy poised to leverage its expertise to contribute to the country's energy landscape.
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