Karachi, Dewan Cement Limited informed Pakistan Stock Exchange that the board of directors meeting of the company held on November 24, 2016 the board was informed by Dewan Muhammad Yousuf Farooqui that while he is exploring the possibility of selling 51% shares of the Company currently held by him and his associates to foreign party. Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of cement. The company has two production facilities at Karachi and Khyber Pakhtunkhwa. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The symbol “DCL” is being used by the stock exchanges for the shares of Dewan Cement Limited.