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The Board of the Privatisation Commission
met here today under the Chairmanship of Mr. Zahid Hamid, Federal Minister for
Privatisation & Investment to review the progress of the PSO transaction.
2. The Board was informed that seven (7) parties who had
been qualified for participation had completed the first phase of due
diligence. The names of these parties alongwith their proposed Consortium
members are:-
i) Al Jamaih Holding Company Consortium
including Noor Investment Company and
Fauji Foundation.
ii) Dabbagh Holding Company Limited Consortium
including Savola Group and Goldman
Sachs.
iii) Bakri Energy Company Consortium with Salsal Petroleum.
iv) Kohinoor Textile Mills Consortium including Oman Oil
Marketing Company.
v) MCB Bank Limited Consortium with Petronas Intl. Ltd.
vi) TransAsia Gas Intl.
vii) Vitol S.A.
3. The Board will meet again on 4th April 2007 to consider
recommendations of the Transaction Committee relating to Attock Group of
Companies.
4. Apart from Members of the Board of the Privatisation Commission,
senior officials of the respective Ministries and Departments attended the
meeting.