Karachi, Jahangir Siddiqui and Company limited informed Pakistan Stock Exchange that the decision of the Board of Directors of the Company regarding issuance of 183,188,477 listed, convertible, redeemable, non-voting, non-participatory, cumulative Class ‘A’ Preference Shares (“JSCLPSA”) of the Company by way of rights at face value of PKR 10/- per share. Subsequently, the issue was approved by the members of the Company at its Annual General Meeting held on April 28, 2021, whereas approval of the SECP under Regulation 6(iv) of the Companies (Further Issue of Shares) Regulations, 2020, was received on May 17, 2021.
Jahangir Siddiqui & Co. Limited is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies. The Company was incorporated in Pakistan on May 04, 1991 as a public unquoted company.
The total numbers of shares are 915,942,388. The Earnings per share is 1.32 in 2020 which was 0.39 in 2019. The Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.