Faisal Spinning Mills Limited Faisal Spinning Mills Limited (PSX: FASM) was set up in 1985 as a public limited company under the repealed Companies Ordinance, 1984 (now, Companies Act, 2017). The company has a weaving and spinning unit where it manufactures and sells yarn and woven fabric. It also generates electricity but that is limited for its own consumption. Shareholding pattern As at June 30, 2020, a little over 50 percent shares were held by the associated companies, undertakings and related parties. Within this category, the major shareholder was Admiral (Pvt) Limited, holding nearly 13 percent of the shares. The directors, CEO, their spouses and minor children held around 39 percent shares; of this, Mr. Hamza Shakeel and Mr. Muhammad Amin, both non-executive directors, held 4.8 and 4.6 percent shares, respectively. A little over 8 percent were held by the general public|individuals. The remaining roughly 3 percent shares were with the rest of the shareholder categories. Historical operational performance Faisal Spinning Mills has mostly seen a rising topline over the years, with the exception of FY15 when it contracted by over 5 percent.