Board Meeting other than Financial Result of Saudi Pak Leasing Company Limited

Karachi, Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 12, 2021 at Karachi to consider and confirm the minutes of the Board of Directors Meeting held on June 15, 2021, to discuss and approve the internal matters of the company and to any other item with the permission of the Chair.

Further, the company has declared the closed period from August 06, 2021 to August 12, 2021.

Saudi Pak Leasing Company Limited was incorporated in Pakistan on 08 January 1991. The main business activity of the Company is leasing of assets.

In October, 1997, Saudi Pak Industrial & Agricultural Investment Co. Limited (“SAPICO”) acquired the entire 35.06% shareholding of Standard Chartered Mercantile Leasing Co. Limited and rechristened it as Saudi Pak Leasing Co. Limited (SPLC) with its Head Office at Karachi.

At present, SAPICO holds 35.06% stake in the Company, and the rest with the individuals as well as corporate shareholders

The total number of shares the company has introduced so far are 45,160,500. Their Earnings per shares in 2020 is (1.18) which was 0.15 in 2019. The profit after taxation in 2020 is (53,430,000) which was 6,757,000 in 2019.