Annual general meeting of Attock Petroleum Limited to be held on September 22, 2021


Karachi, Attock Petroleum Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 22, 2021 at Rawalpindi, through video link.

The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to consider, approve and authorize the payment of final cash dividend of 245% i.e. 24.50 per share of Rs.10/- each, as recommended by the Board of Directors in addition to be interim dividend of 25% i.e. Rs. 2.50 per share already paid to the shareholders thus making a total of 270% i.e. Rs. 27/- per share for the year ended June 30, 2021, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from August 01, 2021 to August 01, 2021 (both days inclusive).

Attock Petroleum Limited is a Public Limited Company, was incorporated On December 03, 1995, jointly sponsored by the Pharaon Investment Group Limited Holding s.a.l. (PIGL). They were granted a marketing license and commenced operations in February 1998. The principal activity of the Company is procurement, storage and marketing of petroleum and related products.

APL is fully vertically integrated group covering all aspects of the Oil and Gas sector of Pakistan; from exploration, production and refining to marketing of a wide range of petroleum products. The Company has also penetrated in the oil export business.

The total number of shares the company has issued are 99,532,800. Earning Per Share has decreased in 2020 and is 10.13 compared to 39.79 in 2019. The Profit After Taxation has also decreased in 2020 which is 1,008,294,000 and it was 3,960,606,000 in 2019.