Shell Pakistan Limited has officially rebranded as Wafi Energy Pakistan Limited after a significant acquisition by Wafi Energy Holding Limited.
The transition follows the completion of a Share Purchase Agreement (SPA) signed on October 31, 2023, which saw Wafi Energy Holding Limited acquire 87.78% of the company’s total share capital, totaling 187,866,141 ordinary shares.
The acquisition process included a mandatory tender offer to the remaining shareholders, in accordance with Pakistan’s Securities Act of 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations of 2017. The shift culminated in a members’ meeting on November 27, 2024, where the decision to rename the company from Shell Pakistan Limited to Wafi Energy Pakistan Limited was approved.
On January 13, 2025, the Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation confirming the name change. This certificate legally finalized the rebranding, which took effect on the same day.
In an official filing to the Pakistan Stock Exchange (PSX), the company confirmed the name change, saying, “The Company is pleased to inform that the Securities and Exchange Commission of Pakistan has issued a Certificate of Incorporation on Change of Name dated January 13, 2025. Consequently, the Company’s name has changed from ‘Shell Pakistan Limited’ to ‘Wafi Energy Pakistan Limited’ with effect from January 13, 2025.”
Wafi Energy (Wafi) is a prominent Saudi energy company specializing in the management and operation of fuel stations across Saudi Arabia. It is a wholly owned subsidiary of Asyad Holding Group.
This rebranding of Shell marks a new chapter for the company as it shifts its focus under the ownership of Wafi Energy Holding Limited, signaling a transition that may reshape the energy sector’s landscape in Pakistan and the broader region.
The restructuring follows broader regional trends of mergers, acquisitions, and corporate rebranding as companies seek to realign with new market demands and ownership structures. The name change, officially recorded in the SECP’s documents, signifies the end of an era for Shell Pakistan Limited, a well-established name in the country’s energy sector.