National Foods Limited to Restructure UAE Subsidiary

National Foods Limited (NATF) has revealed plans for a restructuring of its United Arab Emirates-based subsidiary, National Foods Dubai Multi Commodities Centre (NFDMCC). This will include the disposal of its stake in A-1 Bags & Supplies through National Epicure Incorporated, Canada.

The listed company communicated this development in a notification to the Pakistan Stock Exchange (PSX) on Wednesday.

The notice stated, “We would like to inform you that NFDMCC intends to restructure its operations and, as a result, divest its investment in A-1 Bags & Supplies held through National Epicure Incorporated Canada.”

It further added, “The Board of Directors of NATF, during its meeting on August 19, 2025, approved the proposed restructuring and the related divestment. They also authorized the execution of necessary agreements.”

Following this announcement, National Foods’ stock price saw an increase of Rs412, which is up by Rs24.80 or 6.4% during Monday’s initial trading hours.

In February, National Foods DMCC, a fully-owned subsidiary of NATF located in Dubai, declared the closure of its subsidiary National Foods (FZE), registered in Sharjah, UAE.

NATF was established in Pakistan in 1971 as a private limited company and later became a public limited company.

The company’s core business involves producing and selling convenient food products. It boasts a varied selection of 250 products across approximately 12 categories and has established a presence in 40 countries spanning 5 continents.

The ultimate parent entity of the Company is ATC Holdings (Private) Limited.