{"id":3810,"date":"2024-08-03T17:12:58","date_gmt":"2024-08-03T12:12:58","guid":{"rendered":"https:\/\/vetnewsandviews.com\/en\/?p=3810"},"modified":"2024-08-03T17:12:59","modified_gmt":"2024-08-03T12:12:59","slug":"pakistan-stock-exchange-psx-to-list-big-bird-foods-limited-bbfl-on-august-5-2024","status":"publish","type":"post","link":"https:\/\/vetnewsandviews.com\/en\/pakistan-stock-exchange-psx-to-list-big-bird-foods-limited-bbfl-on-august-5-2024\/","title":{"rendered":"Pakistan Stock Exchange (PSX) to List Big Bird Foods Limited (BBFL) on August 5, 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Karachi, Pakistan<\/strong> Local poultry giant, <a href=\"https:\/\/www.bigbirdgroup.com.pk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Big Bird Foods Limited (BBFL<\/a>), is set to make a grand entrance into the Pakistan Stock Exchange (PSX) on August 5, 2024. The company, renowned for its high-quality chicken products, will be listed under the &#8220;Food &amp; Personal Care Products&#8221; sector following its merger with <a href=\"https:\/\/meta-tech.com.pk\/\" target=\"_blank\" rel=\"noreferrer noopener\">MetaTech Trading Limited.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With an opening price of Rs. 51.28 per share, <a href=\"https:\/\/bigbirdfoods.com\/group-profile\/\" target=\"_blank\" rel=\"noreferrer noopener\">BBFL <\/a>is anticipated to attract significant investor interest. The company&#8217;s strong market position and robust growth trajectory are expected to fuel its performance on the stock exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a subsidiary of the Big Bird Group, BBFL boasts a rich history and a proven track record in the poultry industry. With a vast network and state-of-the-art facilities, the company is well-positioned to capitalize on the growing demand for poultry products in Pakistan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The listing of BBFL marks a significant milestone for the poultry industry and is seen as a positive development for the Pakistan Stock Exchange.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"780\" height=\"480\" src=\"https:\/\/vetnewsandviews.com\/en\/wp-content\/uploads\/2024\/08\/Big.jpg\" alt=\"List Big Bird Foods Limited (BBFL) on August 5, 2024\" class=\"wp-image-3811\" srcset=\"https:\/\/vetnewsandviews.com\/en\/wp-content\/uploads\/2024\/08\/Big.jpg 780w, https:\/\/vetnewsandviews.com\/en\/wp-content\/uploads\/2024\/08\/Big-300x185.jpg 300w, https:\/\/vetnewsandviews.com\/en\/wp-content\/uploads\/2024\/08\/Big-768x473.jpg 768w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Background of Big Bird Foods Limited:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Big Bird Foods is renowned for its wide range of chicken products, including breast fillets, drummers, niblets, wings, nuggets, and skinless drumsticks. &#8220;&#8221;The company is part of the Big Bird Group, which was founded by Mr. Abdul Basit, Dr. Muhammad Mustafa Kamal, and Dr. Abdul Kareem.&#8221; Starting from a small breeder farm, the group has grown into one of Pakistan&#8217;s leading integrated poultry conglomerates. Over the past 27 years, Big Bird Group has expanded to include six constituent companies, employing 2600 direct personnel and achieving a business turnover of approximately Rs. 8.5 billion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Background on MetaTech Trading Limited:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">MetaTech Trading Limited, formerly known as MetaTech Health Limited, has a long history dating back to its original establishment as Hashimi Cans Company Limited in 1953. The company has undergone significant transformations, shifting from general trading of technology, consumer care, and medical supplies to focusing on medical\/healthcare technology in 2022. Despite plans to issue Sukuk, the company faced unfavourable market conditions, leading to its merger with Big Bird Foods Limited.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Market Presence:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Big Bird Foods has recently entered the consumer market, offering high-quality chicken meat (both frozen and fresh chilled) and value-added chicken products. The company continues to serve the nation and the poultry sector by providing parent stock, day-old broiler chicks, poultry and stock feed, and diagnostic\/lab services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The listing of Big Bird Foods Limited on the PSX marks a significant milestone in the company&#8217;s growth and reflects the ongoing diversification and expansion of Pakistan&#8217;s poultry industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi, Pakistan Local poultry giant, Big Bird Foods Limited (BBFL), is set to make a grand entrance into the Pakistan Stock Exchange (PSX) on August 5, 2024. The company, renowned&hellip; <\/p>\n","protected":false},"author":1,"featured_media":3811,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[8,12],"tags":[56,1319,1318,1322,1031,233,1323,1321,1320],"class_list":["post-3810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stay-informed-with-the-latest-news-in-agriculture-veterinary-and-more","category-poultry-industry-updates","tag-agriculture","tag-bbfl","tag-big-bird-foods","tag-business-news","tag-economy","tag-food-industry","tag-initial-public-offering","tag-metatech-trading-limited","tag-pakistan-stock-exchange"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan Stock Exchange (PSX) to List Big Bird Foods Limited (BBFL) on August 5, 2024 - The Veterinary News &amp; Views<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vetnewsandviews.com\/en\/pakistan-stock-exchange-psx-to-list-big-bird-foods-limited-bbfl-on-august-5-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Stock Exchange (PSX) to List Big Bird Foods Limited (BBFL) on August 5, 2024 - The Veterinary News &amp; Views\" \/>\n<meta property=\"og:description\" content=\"Karachi, Pakistan Local poultry giant, Big Bird Foods Limited (BBFL), is set to make a grand entrance into the Pakistan Stock Exchange (PSX) on August 5, 2024. 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