Day: May 26, 2023

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), revealed the daily dividend distribution for unit holders on 25-MAY-23. The Chief Executive Officer, along with the Board of Directors, approved the payout, ensuring investors receive attractive returns.

At the close of business on 25-MAY-23, the unit holder register was reviewed, and the dividend of Re. .0508 per unit was approved. This means that individuals whose names appeared in the register will be entitled to this dividend payout.

Karachi, Siemens Pakistan Engineering Co. Limited has announced the appointment of Syed Muhammad Daniyal as the Acting Managing Director and CEO, effective from May 25, 2023. The decision was made by the Board of Directors to replace Mr. Markus Strohmeier, the outgoing Managing Director and CEO.

Karachi, Gatron Industries Limited announced today the declaration of an interim cash dividend and interim bonus shares during a board of directors meeting held in Karachi.

The Board of Directors has approved an Interim Cash Dividend of Rs. 3.00 per share, representing a 30% payout for the year ending June 30, 2023.

In addition to the cash dividend, the Board of Directors also declared an Interim Bonus Shares scheme. Under this scheme, shareholders will receive 100 bonus shares for every 100 shares held, amounting to a 100% bonus. However, it's important to note that these bonus shares will not qualify for the interim cash dividend declared on May 25, 2023, for the year ending June 30, 2023.

Gatron Industries Limited will close its Share Transfer Books from June 09, 2023, to June 13, 2023, inclusive. During this period, the company will determine entitlements to the dividend and bonus shares based on shareholding records.

The declaration of the interim cash dividend and bonus shares reflects Gatron Industries Limited's strong financial performance and its commitment to enhancing shareholder value.

Karachi, Synthetic Products Enterprises Limited, a prominent company listed on the Pakistan Stock Exchange, successfully completed the buy-back of its own shares on May 25, 2023. The company's decision to repurchase shares is part of its ongoing strategy to enhance shareholder value and optimize capital structure.

Synthetic Products Enterprises Limited executed the buy-back program in accordance with the guidelines set by the Pakistan Stock Exchange Limited. The purchase involved acquiring a total of 51,500 shares at an average price of PKR 10.54 per share.

Karachi, The Board of Directors of Adamjee Insurance Company Limited is set to convene a crucial meeting on May 26, 2023, in Lahore. The meeting will primarily focus on deliberating the potential increase in the authorized capital of the renowned insurance company.

During the meeting, the Board will analyze the current financial standing of the company and evaluate the feasibility of augmenting the authorized capital.