Fazal Cloth Mills Limited

Fazal Cloth Mills Limited was incorporated in Pakistan in May 14, 1966 as a public limited company under the Companies Act, 1913 (now the Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange. The Company is engaged in manufacturing and sale of yarn and fabric. The manufacturing facilities are located at Fazal Nagar, Jhang Road, Muzaffargarh and Qadirpur Rawan Bypass, Khanewal Road, Multan in the province of Punjab. The company set up its first spinning unit in 1972 at Muzafargarh. Since its listing, the company has maintained a regular dividend payout, paying cash dividends or bonus shares in 37 years out of the 48 years. At present, the company owns and operates 8 Spinning units comprising 274,524 Spindles and 3,660 Open End Rotors and 1,752 MVS Spindles installed and 224 Air-jet Picanol Looms.