Wafi Energy Signs Agreement to Acquire Majority Stake in Shell Pakistan

Wafi Energy has agreed with Shell International PLC to acquire a majority stake in Shell Pakistan Limited (SPL) from Shell Petroleum Company Limited, a subsidiary of Shell plc. While the main signing ceremony between the two entities took place in London on October 31st, 2023, a Townhall meeting was held at Shell House in Karachi for the employees to meet with the Owners Representatives and Advisors. The CEO of Wafi Energy and CEO of Asyad Holdings spoke on the occasion and took a few questions from the audience. AASA Consulting serves as Human Resources and Communications Advisor to the Group and facilitated the event on behalf of Wafi Energy. A group photograph was taken with CEO of Shell Pakistan, CEO of Wafi Energy, CFO of Asyad Holding and representatives from advisory firms of AASA Consulting. Alvarez and Marsal, Liaquat Merchant Associates and RB&A Partners.