Election of Directors of Pakistan Hotels Developers Limited

General

Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange that the seven members shall be deemed to be elected as Directors of the Company in the Extraordinary General Meeting will be held on December 18, 2021, for a term of three years.

Pakistan Hotel Developers Limited was incorporated and domiciled in 1979 in Pakistan, as a private limited company and converted into public limited company in 1981. Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited). The company is principally engaged in hotel business and owns and operates a Five Star Hotel Known as Regent Plaza Hotel and Convention Center, Karachi.

The total numbers of shares are 18,000,000. The Earnings per share is 0.02 in 2020 which was 1.56 in 2019. The Profit after Taxation of the Company is 442,000 in 2020 which was 28,013,000 in 2019.