Shell Pakistan Rebrands as Wafi Energy Pakistan Limited: A New Era Begins

Landmark Acquisition and Rebranding

Shell Pakistan Limited has officially rebranded as Wafi Energy Pakistan Limited following the completion of its acquisition by Wafi Energy Holding Limited. The announcement was confirmed through a filing at the Pakistan Stock Exchange (PSX) on Tuesday, marking a significant transition in the country’s energy sector.

The transaction entailed the purchase of 187,866,141 ordinary shares, representing 87.78% of the company’s total issued share capital, under a Share Purchase Agreement (SPA) dated October 31, 2023. This strategic move strengthens Wafi Energy’s presence in Pakistan and aligns with its vision for expansion in the region.

Compliance and Regulatory Approvals

Following the acquisition, a mandatory tender offer was made to the remaining shareholders, in accordance with the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. This ensured compliance with Pakistan’s regulatory framework and facilitated a smooth transition of ownership.

Subsequently, the company’s members approved a resolution to rename the entity from ‘Shell Pakistan Limited’ to ‘Wafi Energy Pakistan Limited’ during a meeting held on November 27, 2024.

Official Name Change and SECP Certification

On January 13, 2025, the Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation, officially confirming the name change. The rebranding took effect immediately on the same day.

A formal notice issued to the Pakistan Stock Exchange (PSX) read:

“The Company is pleased to inform that the Securities and Exchange Commission of Pakistan has issued a Certificate of Incorporation on Change of Name dated January 13, 2025. Consequently, the Company’s name has changed from ‘Shell Pakistan Limited’ to ‘Wafi Energy Pakistan Limited’ with effect from January 13, 2025.”

Industry Impact and Future Prospects

The acquisition and subsequent rebranding signify a new strategic direction for Wafi Energy in Pakistan. As a leading energy player, the company is expected to introduce new investment opportunities, innovative energy solutions, and enhanced consumer services. This move also reflects the growing interest of international firms in Pakistan’s fuel and energy sector.

With this transition, Wafi Energy Pakistan Limited is set to bring fresh opportunities, advanced technology, and industry expertise, paving the way for a more dynamic and competitive energy market in the country.

The transformation from Shell Pakistan to Wafi Energy Pakistan represents not just a name change but the beginning of a new era in Pakistan’s energy landscape. Industry stakeholders and consumers alike will be closely watching Wafi Energy’s next steps as it embarks on this exciting journey of growth and innovation.