Wafi Energy Pakistan Limited
PPSX:WAFI151.59
PKR
-2.00
(-1.30%)
ISIN
PK0016701010
Return %
Stock
S&P 500
1Y
-21.68
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Zubair Shaikh
- Full Time Employees
- 409
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Karachi Pakistan
- IPO Date
- May 30, 1994
- Website
- wafi-energy.com
- Similar Companies
- Business
- Wafi Energy Pakistan Limited is a downstream oil marketing and petroleum distribution company operating across Pakistan. The company is primarily engaged in the procurement, storage, marketing, blending, distribution, and retailing of refined petroleum products, specialty lubricants, aviation fuels, and allied automotive fluids. Its core product and service portfolio comprises retail automotive fuels, including high-octane gasoline, premium motor gasoline, unleaded petrol, and high-speed diesel; automotive engine oils, coolants, and specialty lubricants for passenger cars, motorcycles, commercial vehicles, and agricultural machinery marketed under established product lines such as Shell Helix, Shell Advance, and Shell Rimula; industrial lubricants, greases, hydraulic fluids, gear oils, and turbine oils engineered for manufacturing, power generation, marine, and construction sectors; aviation turbine fuels, including Jet A-1 refueling solutions and airfield technical services for domestic and international air carriers; bulk fuel supply contracts, tailored fleet card programs, and commercial fuel management solutions for corporate, industrial, and transport enterprises; and non-fuel retail operations comprising forecourt convenience store networks, automated car wash services, and quick-lube maintenance centers. Headquartered in Karachi, Pakistan, the company traces its historical roots in the region back to 1899 and was incorporated as a public limited company in 1969. In recent major developments, Saudi Arabia-based fuel retailer Wafi Energy LLC completed the landmark acquisition of the 77.42 percent controlling stake in the company from Shell Petroleum Company Limited, a subsidiary of Shell plc. Following the change in majority ownership and receipt of necessary regulatory approvals, the entity officially rebranded and changed its legal corporate name from Shell Pakistan Limited to Wafi Energy Pakistan Limited, updating its Pakistan Stock Exchange ticker symbol from SHEL to WAFI. Under the transaction framework, the company entered into long-term brand licensing agreements to continue retailing Shell-branded premium fuels and lubricants across its nationwide retail station network while executing strategic plans to expand downstream storage infrastructure and modernize forecourt convenience operations.