Gong ceremony held to mark listing of Big Bird Foods Ltd at PSX

KARACHI: The Pakistan Stock Exchange (PSX) hosted a gong ceremony on Friday to celebrate the listing of Big Bird Foods Limited (BBFL).

Established in September 2011, Big Bird Foods is a leading poultry processing unit, providing chicken products to both national and international markets. BBFL’s listing on the PSX comes after the merger and amalgamation of MetaTech Trading Limited (META) with Big Bird Foods Limited, as sanctioned by the Lahore High Court on June 26, 2024. Under the merger’s scheme of arrangement, META shareholders were allotted 0.24 BBFL shares for each META share. Following the court’s order, META was delisted, and BBFL officially commenced trading on August 5, 2024.

During the ceremony, Farrukh H Khan expressed his enthusiasm, stating, “We welcome Big Bird Foods Limited to Pakistan Stock Exchange. It is indeed a valuable addition to the food and personal care products sector of the main board of the exchange.” He also emphasised the PSX’s support for new company listings and highlighted recent initiatives to expedite and digitize the IPO process, encouraging other companies to take advantage of the opportunities that come with being publicly listed.

CEO of BBFL Dr Mohammad Mustafa Kamal expressed pride in becoming the first poultry sector company to list on the PSX. He noted the company’s strong market presence and commitment to innovation and quality and expressed eagerness to expand into B2C and export markets.

KTrade Securities executives, Mahmood Ali Shah Bukhari and Omar Salah Ahmed, lauded the listing as a significant milestone for both Big Bird Foods and the broader poultry sector in Pakistan. They highlighted the company’s impressive growth trajectory and the potential for other industry players to follow suit in leveraging the benefits of public listing.