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Annual general meeting of Pak Oilfields Limited to be held on September 22, 2021

Karachi, Pak Oilfields Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 22, 2021 at Rawalpindi.

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 approve final cash dividend of Rs. 30 per share i.e. 300% as recommended by the Board of Directors. It is in addition to the interim cash dividend of Rs. 20.00 per share i.e. 200% already paid to the shareholders, thus making a total cash dividend of Rs. 50.00 per share i.e. 500% 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 September 16, 2021 to September 22, 2021 (both days inclusive).

Pakistan Oilfields Limited is incorporated in Pakistan as a public limited company. The Company is principally engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas under the brand name POLGAS and transmission of petroleum. The Company is a subsidiary of The Attock Oil Company Limited, UK and its ultimate parent is Coral Holding Limited.

The total numbers of shares are 283,855,104. The Earnings per share is 57.69 in 2020 which was 59.44 in 2019. The Profit after Taxation is 16,375,850,000 in 2020 which was 16,871,707,000 in 2019.