KARACHI: Wafi Energy Holding Ltd (Wafi Energy) has become the majority shareholder of Shell Pakistan Ltd (SPL) after The Shell Petroleum Company Ltd, a subsidiary of Shell plc (Shell), completes the sale of its 77.42 per cent interest in SPL.
Wafi Energy, an established Saudi company and affiliate of the Asyad Group, now holds approximately 87.78pc of the total issued share capital of SPL.
The Shell brand will remain in Pakistan through retail and brand licencing agreements, with SPL as the exclusive brand licensee, says a press........