National Foods divests 50.5% stake in A1 Bags and Supplies through Dubai subsidiary

National Foods Limited (NFL) has announced the divestment of 50.5% of its 60% shareholding in A1 Bags and Supplies Incorporated, held through its Canadian subsidiary, National Epicure Incorporated.

In a notice to the Pakistan Stock Exchange (PSX) on Monday, the company said its wholly owned Dubai-based subsidiary, National Foods Dubai Multi Commodities Centre (NFDMCC), has executed a share purchase and related agreements with Chemical Chase Morgan Partners and Arfa Holdings Incorporated on October 10, 2025.

The disclosure was made under Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book.

NFL stated that the transaction is in continuation of its earlier disclosures made on August 19 and September 16, 2025, regarding the restructuring of its foreign investments.

National Foods Limited, established in 1970, is one of Pakistan’s leading food processing and consumer goods companies with a growing international presence.

National Foods Limited was incorporated in Pakistan on February 19, 1970, as a private limited company under the Companies Act, 1913. It was later converted into a public limited company under the repealed Companies Ordinance, 1984, which is now replaced by the Companies Act, 2017. 

The company is primarily engaged in the manufacturing and sale of convenience-based food products. Its ultimate parent entity is ATC Holdings (Private) Limited.