Islamabad, Dec 30: Big Bird Foods Limited (BBFL) has successfully repaid Rs. 458.54 million in outstanding debt to Saudi Pak Industrial and Agricultural Investment Company Limited (SAPICO), according to an announcement made to the Pakistan Stock Exchange (PSX).
The repayment was made using non-operational cash flow sources, highlighting BBFL’s strategic efforts to strengthen its financial position and reduce leverage. This move demonstrates the company’s commitment to maintaining a robust balance sheet and enhancing financial flexibility to drive sustainable growth.
In its notification, BBFL’s management emphasized that the repayment aligns with the company’s long-term goal of maximizing shareholder value and ensuring financial stability. BBFL is a diversified food company engaged in manufacturing, importing, exporting, and distributing food products of all kinds.
It also acts as an agent for manufacturers, merchants, and traders to facilitate the purchase, sale, and disposal of goods and commodities globally, excluding managing agency business.This repayment reflects BBFL’s dedication to improving its financial health, reinforcing investor confidence, and supporting its vision for long-term growth.
