Day: November 16, 2021

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Credit of Final Cash Dividend of Murree Brewery Company Limited

Karachi, Murree Brewery Company Limited informed Pakistan Stock Exchange that the final cash dividend @ Rs. 5 per share, i.e. 50% for the year ended June 30, 2021 has been credited electronically into the designated bank accounts of the shareholders of the Company on November 16, 2021.

Murree Brewery Company Limited was incorporated in 1861, is a large size public limited company in Pakistan. The Company is principally engaged in the manufacturing of alcoholic beer, Pakistan Made Foreign Liquor (PMFL), nonalcoholic beer, aerated water (non-alcoholic products), juices and food products, mineral water, glass bottles and jars. The Company is presently operating three divisions namely Liquor, Tops and Glass to carry out its principal activities.

The total number of shares are 27,663,631. The Earnings per share is 24.61 in 2020 which was 44.21 in 2019. The Profit After Taxation is 681,728,000 in 2020 which was 1,222,938,000 in 2019.

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Board Meeting in Progress of Pakistan Hotels Developers Limited

Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on November 13, 2021 at Karachi to consider to discuss and fix the number of Directors to be elected in the upcoming Extraordinary General Meeting , is in progress.

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.

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Board of directors meeting of Summit Bank Limited

Karachi, Summit Bank Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 19, 2021 at Karachi. The agenda of the meeting will to consider the Quarter Accounts for the period ended June 30, 2020.

Further, the company has declared the closed period from November 16, 2021 to November 19, 2021.

In October 2007, Arif Habib Securities Limited under the Scheme of Amalgamation set by the State Bank of Pakistan acquired the Pakistan Operations of Rupali Bank Limited; hence forming Arif Habib Bank. In 31st March 2010, Suroor Investments Ltd, a Mauritius based investment firm, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on the 18th of August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

Summit Banks parent company, Suroor Investments Ltd, later acquired majority shares of MyBank Ltd and Atlas Bank Ltd in Pakistan. The operations of the later mentioned banks were then merged under the single umbrella of Summit Bank Ltd, thus expanding the Bank’s network to more than 193 Branches.

The company is listed on Pakistan Stock Exchange and the total numbers of shares of the Company are 2,638,151,060. The Earnings per shares of the Company was (3.32) in 2018 which was (0.86) in 2017. The company had a loss of Rs. 8,751,073,000 in 2018 compared to the loss of Rs. 1,939,850,000 in 2017.

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Board Meeting other than Financial Result of East West Insurance Company Limited

Karachi, East West Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 23, 2021 at Karachi to consider the certain corporate actions.

Further, the company has declared the closed period from November 16, 2021 to November 23, 2021.

East West Insurance Company Limited is a Public Limited Company, was incorporated in Pakistan in the year 1983. The Company is engaged in the general insurance business. In addition, it provides the insurances for Fire, Marine, Motor, Bonds and Engineering, Health and travel, crops and miscellaneous.

The Company is listed on Pakistan Stock Exchange, and the shares of the Company are 118,335,819. The Earnings per shares is 1.96 in 2020 which was 1.81 in 2019. Their Profit after Taxation is 231,375,000 in 2020 which was 183,846,000 in 2019.