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Corporate Structure Mari Gas Company Limited is registered as a public limited company, listed and traded on all three stock exchanges of Pakistan. The Company has an authorized capital of Pak Rupees 2,500 million and the paid up capital of Pak Rupees 367.50 million which is subscribed by Fauji Foundation (40% with management control), Government of Pakistan (20%), Oil and Gas Development Company Limited (20%) and the general public (20%). The Company is managed by a Board of fourteen Directors representing Fauji Foundation (6) Government of Pakistan (3) OGDCL (3) and General Public (2) list of present directors. |
The directors representing Fauji Foundation and General Public are elected by the shareholders for a term of three years. The directors representing Government of Pakistan and OGDCL are the nominee directors and they retain this office till their nomination is withdrawn by their respective authorities/organization. In terms of the Articles of Association of the Company, Fauji Foundation has the exclusive right to nominate the Managing Director for the Company. |
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The Managing Director of the Company is responsible for running the day to day affairs of the Company. He is assisted by a well organized team of General Managers, Managers and other staff members, who are qualified and trained in their respective disciplines of Company’s operations |
