On February 16, 2026, Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) announced a significant joint acquisition of Attock Cement Pakistan Limited, which includes a public offer to acquire up to 10.95 million shares, representing approximately 7.97% of Attock Cement. This acquisition is part of a larger agreement to gain control over 84.06% of the company, with an adjusted share price of Rs. 330.41 per share, amounting to an estimated total payout of around Rs. 3.62 billion. The companies have entered into a Share Purchase Agreement with Pharaon Investment Group Limited Holding S.A.L. to acquire 115,526,349 ordinary shares of Attock Cement, further solidifying their control over the company. The public offer will be open from April 6 to April 12, 2026, with payments to shareholders expected within 10 days post-closure. This strategic move is expected to enhance FCCL's market position and diversify KAPCO's investment portfolio beyond the power sector, reflecting a positive sentiment towards the growth potential of the cement industry in Pakistan, as reported by ProPakistani and Business Recorder.