Day: February 2, 2023

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Board Meeting of Al Habib Asset Management Limited

Karachi, Al Habib Asset Management Limited informed Pakistan Stock that the Board of Directors of the company will be held on February 09, 2023 at Karachi, to consider and approve unaudited Financial Statements for the quarter ended December 31, 2022.

Habib Asset Management Limited, an associated company of Bank AL Habib Limited was incorporated on September 30, 2005 as a Public Limited Company. The main objective of the company is to float open-end mutual funds for different class of investors. Habib Asset Management is presently managing First Habib Income Fund (FHIF), First Habib Stock Fund (FHSF), First Habib Cash Fund (FHCF) and First Habib Islamic Balanced Fund (FHIBF).

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Financial results of Bank Al-Falah Limited for Year ended December 31, 2022

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 02, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2022 which portrayed a profit of Rs. 18,206,445 and Rs. 18,397,464 with earnings per share 10.27 and 10.38 basic and diluted respectively.

Further, 25% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 14, 2023 to March 20, 2023 (both days inclusive).

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.

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Notice of book closure of Samba Bank Limited

Karachi, Samba Bank Limited informed Pakistan Stock Exchange that the transfer books of the company will be closed from February 22, 2023 to February 28, 2023 (both days inclusive).

Samba Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is listed on the Pakistan Stock Exchange Limited. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia.

The total numbers of shares of the Bank are quoted as 1,008,238,648. The Earnings per shares of the Bank is 1.00 in 2020 which was 0.68 in 2019. The Profit after Taxation is 1,011,669,000 in 2020 which was 686,458,000 in 2019.

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Transaction of 16,000 shares of Crescent Steel and Allied Products Limited

Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange about transaction of shares of the company. 16,000 shares @ Rs. 27.47 per share were bought from the market on February 01, 2023 through CDC.

Crescent Steel and Allied Products Limited is a conglomerate corporation listed on the Pakistan Stock Exchange Limited as ‘CSAP’, and thereby is a Public Interest Company. They have started operations with a pipe manufacturing facility in March 1987. The Company now operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment. The Shares are quoted on Pakistan Stock Exchange Limited.

The total shares of the Company introduced are 77,632,491. The Earnings per share has decreased in 2020 and is (0.22) which was 1.85 in 2019. Their Profit after Taxation has also decreased in 2020 and is (17,124,000) which was 143,476,000 in 2019.

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UBL Pakistan Enterprise Exchange Traded Fund Rebalancing of UBL Fund Managers Limited

Karachi, UBL Fund Managers Limited informed Pakistan Stock Exchange that the company is starting the process of rebalancing it’s portfolio, hence Dissemination of iNaV will be suspended during such time.

“The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients. The UBL Fund Managers is the asset management company operating in Pakistan, offering savings and investment solutions to institutional and individual clients.

UBL Fund Managers Limited (a wholly owned subsidiary of United Bank Limited) as the management company, a company incorporated under the Companies Ordinance, 1984 and Central Depository Company of Pakistan Limited (CDC) as the Trustee. The Trust Deed has also been approved by the Securities and Exchange Commission of Pakistan (SECP).”

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Transaction of 333 shares of Attock Petroleum Limited

Karachi, Attock Petroleum Limited informed Pakistan Stock Exchange about transaction of shares of the company. 333 shares @ Rs. 309.99 per share were bought from the market on February 01, 2023 through CDC.

Attock Petroleum Limited is a Public Limited Company, was incorporated On December 03, 1995, jointly sponsored by the Pharaon Investment Group Limited Holding s.a.l. (PIGL). They were granted a marketing license and commenced operations in February 1998. The principal activity of the Company is procurement, storage and marketing of petroleum and related products.

APL is fully vertically integrated group covering all aspects of the Oil and Gas sector of Pakistan; from exploration, production and refining to marketing of a wide range of petroleum products. The Company has also penetrated in the oil export business.

The total number of shares the company has issued are 99,532,800. Earning Per Share has decreased in 2020 and is 10.13 compared to 39.79 in 2019. The Profit After Taxation has also decreased in 2020 which is 1,008,294,000 and it was 3,960,606,000 in 2019.

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Transmission of Quarterly Report for the Period Ended December 31, 2022 of Tandlianwala Sugar Mills Limited

Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

The Company was incorporated in Pakistan on November 01, 1988 as a public limited company. The principal activity of the Company is production and sale of white crystalline sugar and ethanol.

TSML produces sugar, ethanol and carbon dioxide and produced its first refined sugar in 1992 and have expanded frequently since then. The Sugar operation of the company is began with their mill at Kanjwani, in Punjab’s Faisalabad District. TSML is also Pakistan’s ethanol producer, manufacturing both ENA and REN grades.

The total numbers of shares are 117,706,300. The Earnings per share is (2.39) in 2020 which was 12.30 in 2019. The Profit after Taxation is (281,725,000) which were 1,448,317,000 in 2019.

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Transaction of 68,500 shares of Kohinoor Mills Limited

Karachi, Kohinoor Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 67,500 shares @ Rs. 53.55 per share were bought from the market on January 31, 2023 and 1,000 shares @ Rs. 54.09 per share were bought from the market on February 01, 2023 through CDC.

Kohinoor Mills Limited is a public limited company incorporated on 21 December 1987 in Pakistan. The Company is principally engaged in the business of textile manufacturing covering weaving, bleaching, dyeing, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber and to generate, and supply electricity. The company is involved in three major businesses; Weaving, Dyeing & finishing and Energy.

The total number of shares of the Company is 50,911,011. The Earnings per shares of the Company is 7.17 in 2020 which was 14.31 in 2019. The Profit after Taxation is 365,213,000 in 2020 which was 728,751,000 in 2019.

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Zoom to Release Financial Results for the Fourth Quarter and Full Fiscal Year 2023

SAN JOSE, Calif., Feb. 01, 2023 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it will release its financial results for the fourth quarter and full fiscal year 2023 on Monday, February 27, 2023, after the market closes.

A live Zoom Video Webinar of the event can be accessed at 2:00 pm PT / 5:00 pm ET through Zoom’s investor relations website at https://investors.zoom.us. A replay will be available approximately two hours after the conclusion of the live event.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Public Relations
Colleen Rodriguez
Head of Global PR for Zoom
press@zoom.us

Investor Relations
Tom McCallum
Head of Investor Relations for Zoom
408.675.6738
investors@zoom.us

GlobeNewswire Distribution ID 8741067

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CORRECTION: Boyden Appoints Distinguished Talent Solutions Leader Chad Hesters President & CEO

Succession planning for Trina Gordon’s retirement, led by Chairman Craig Stevens, results in marquee hire Chad Hesters

New York, Feb. 01, 2023 (GLOBE NEWSWIRE) — Correction:  The original hyperline for “Chad Hesters” was incorrect.  This has been rectified.

Boyden, a premier leadership and talent advisory firm with more than 70 offices in over 45 countries, is delighted to announce the appointment of Chad Hesters as President & CEO, effective immediately. He takes the reins from Trina Gordon, who retires after 12 years as CEO, 3 years as Chair, and 30+ years as a Managing Partner in the firm.

“I am honored to be appointed President & CEO of Boyden,” commented Chad Hesters. “I have long admired Trina Gordon for her leadership and her custodianship of one of the oldest, global heritage brands in our industry. Boyden has a unique, collaborative culture that puts clients at the heart of their business. This collegial community is distinctive and aligns well with my style of engagement in the market. Through a shared vision and strong values, I look forward to enabling excellence for clients and nurturing the firm’s current and aspiring partners”.

Chad Hesters was previously a Managing Partner at Korn Ferry, where he held geographic and business line leadership roles in addition to being a Senior Client Partner in the global industrial practice. He has over 15 years of experience in executive search and organizational consulting, leveraging his global perspectives and expertise to deliver leadership consulting solutions for clients. Prior to executive search, Mr. Hesters held corporate finance roles at Hunt Oil and Shell following his early career as an Intelligence Officer with the US Navy. He holds a bachelor’s degree from Texas A&M University and an MBA from the University of Colorado.

Craig Stevens, Boyden Chair, added, “Our global search for a leader to succeed our highly successful retiring CEO, Trina Gordon, has led us to another global executive, Chad Hesters. He has worked in over 20 countries and brings a comprehensive track record leading a complex leadership advisory business. His hallmark is a keen understanding of strategy while remaining close to clients and their evolving needs.

He continues, “I would like to pay tribute to Trina Gordon for her inspirational, values-driven leadership. As the first female CEO of a global executive search firm, Trina blazed the way for women leaders in our industry. While other professional services firms have taken a top-down corporate approach to strategy, Trina has remained committed to a governing structure of a true partnership, keeping the consultants who serve our clients at the center of our approach to the market. Trina established Boyden’s leadership consulting Centre of Excellence, deepened our sector expertise and delivered innovations to all three lines of business. The board of directors thanks her for her exceptional performance and unwavering dedication to the partnership.”

About Boyden

Boyden is a premier leadership and talent advisory firm with more than 70 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. Boyden is ranked amongst the top companies on Forbes’ Americas Best Executive Recruiting Firms for 2021. For further information, visit www.boyden.com.

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Chris Swee, CMO
Boyden
cswee@boyden.com

GlobeNewswire Distribution ID 8741106