Colgate-Palmolive Pakistan Dispatches Interim Bonus Shares to Shareholders

Karachi, Colgate-Palmolive Pakistan Limited is delighted to announce that the share certificates for the interim bonus shares, amounting to 100% for the year ending June 30, 2023, have been dispatched to the shareholders. The bonus shares were announced on June 6, 2023, and have now been sent to the shareholders through a reliable courier service. Additionally, the bonus shares have also been credited to the shareholders' respective accounts in the Central Depository System (CDS) of the Central Depository Company of Pakistan Limited (CDC) on June 23, 2023.

Gatron Industries Board to Hold Emergent Meeting to Address Non-Financial Matters

Karachi, Gatron (Industries) Limited has announced that an emergent meeting of its Board of Directors is scheduled to take place on June 26, 2023, in Karachi. The purpose of the meeting is to discuss matters unrelated to the company's financial results.

Following the meeting, if any material information arises, Gatron Industries will comply with the requirements of the PSX Regulations and promptly disseminate the relevant information to the Exchange.

In accordance with Clause 5.6.4 of the Rule Book of the Exchange, the company has declared June 26, 2023, as a "Closed Period." During this period, no Director, Chief Executive Officer, or Executive of Gatron Industries will be permitted to engage, directly or indirectly, in any dealings involving the company's shares.

Kohat Cement Company Limited Executes Share Buy-Back, Acquiring 102,113 Shares

Karachi, Kohat Cement Company Limited has successfully completed a share buy-back program, in compliance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. The company purchased its own shares through the Pakistan Stock Exchange Limited, as per the following details:

Date of Purchase: June 23, 2023

Number of Shares Purchased (Buy-Back): 102,113

Average Price per Share: PKR 165.85

Sui Northern Gas Pipelines Limited Terminates Ali J. Hamdani’s Contract as Managing Director

Karachi, In a significant development, Sui Northern Gas Pipelines Limited has announced the termination of Mr. Ali J. Hamdani's employment contract as the Managing Director of the company. The decision was made during the 606th meeting of the Board of Directors held on June 24, 2023.

With immediate effect, Mr. Hamdani's contract has been terminated, and the responsibility of the position of Managing Director has been entrusted to Mr. Amer Tufail, who currently holds the role of Deputy Managing Director (Services). Mr. Tufail will serve as the acting Managing Director until a full-time appointment is made for the position.

AKD Investment Management Announces Interim Distributions for Various Funds

Karachi, AKD Investment Management Limited is pleased to announce the approval of interim distributions by the Chief Executive Officer, under the authority delegated by the Board of Directors. The distributions will be made to the unit holders of several funds managed by the company for the year ending June 30, 2023.

The following funds and their respective interim distributions have been approved:

1. AKD Aggressive Income Fund: Per Unit Cash Dividend of up to Rs. 0.9275, representing 1.82% of the Opening Ex-NAV as of July 1, 2022.

2. AKD Cash Fund: Per Unit Cash Dividend of up to Rs. 8.19285, representing 16.14% of the Opening Ex-NAV as of July 1, 2022.

3. AKD Islamic Income Fund: Per Unit Cash Dividend of up to Rs. 8.59119, representing 16.98% of the Opening Ex-NAV as of July 1, 2022.

4. AKD Index Tracker Fund: Nil per unit.

5. AKD Opportunity Fund: Nil per unit.

6. Golden Arrow Stock Fund: Nil per unit.

7. AKD Islamic Stock Fund: Nil per unit.

The distributions will be made to the unit holders whose names appear in the register of unit holders at the close of business on June 21, 2023. AKD Investment Management Limited remains committed to providing regular returns and value to its unit holders.

Pak Oman Asset Management Announces Interim Distributions for Various Funds

Karachi, Pak Oman Asset Management Company Limited is pleased to announce the approval of interim distributions by the Chief Executive Officer on behalf of the Board of Directors. The distributions will be made to the unit holders of several funds managed by the company.

The following interim distributions have been approved:

1. Askari Cash Fund: Rs. 17.7238 per unit

2. Askari High Yield Scheme: Rs. 12.2773 per unit

3. Askari Sovereign Yield Enhancer: Rs. 17.5316 per unit

4. Pak Oman Income Fund (formerly Pak Oman Government Securities Fund): Rs. 1.9839 per unit

5. Pak Oman Advantage Islamic Income Fund: Rs. 9.1413 per unit

6. Pak Oman Advantage Asset Allocation Fund: Nil per unit

7. Pak Oman Islamic Asset Allocation Fund: Nil per unit

The distributions will be made to the unit holders of the aforementioned funds as of the close of business on June 23, 2023. This announcement reflects the commitment of Pak Oman Asset Management Company Limited to provide regular returns to its unit holders.

MCB Pakistan Fixed Return Plan VII Announces Interim Distribution of Rs. 7.4900 per Unit

Karachi, MCB-Arif Habib Savings and Investments Limited, the Management Company of MCB Pakistan Fixed Return Plan VII, has announced an interim distribution of Rs. 7.4900 per unit. The decision was approved by the Chief Executive Officer on behalf of the Board of Directors.

Unit holders whose names were listed in the register of unit holders as of the close of business on June 23, 2023, will be eligible to receive the dividend. This payout reflects the commitment of MCB Pakistan Fixed Return Plan VII to provide returns to its unit holders.

ALHAMRA WADA PLAN VII Announces Interim Distribution of Rs. 3.8222 per Unit

Karachi, MCB-Arif Habib Savings and Investments Limited, the Management Company of ALHAMRA WADA PLAN VII, has announced an interim distribution of Rs. 3.8222 per unit. The decision was approved by the Chief Executive Officer on behalf of the Board of Directors.

Unit holders whose names were listed in the register of unit holders as of the close of business on June 23, 2023, will be eligible to receive the dividend. This payout demonstrates ALHAMRA WADA PLAN VII's commitment to providing regular returns to its unit holders.

UBL Fund Managers Announces Interim Cash Dividend for UBL Pakistan Enterprise Exchange Traded Fund

Karachi, UBL Fund Managers Limited, under the authority granted by its Board of Directors, has declared an interim cash dividend for UBL Pakistan Enterprise Exchange Traded Fund. The dividend, amounting to Rs 1.4000 per unit or 14.00%, is for the period ended June 25, 2023.

The Share Transfer Books of the Fund will be closed on July 6, 2023. Transfers received by the close of business on July 3, 2023, will be considered in time for the purpose of the aforementioned entitlement to the transferees. Additionally, unit holders whose names are listed in the Register of the Fund as of the close of business on July 5, 2023, will be eligible to receive the interim distribution.

Sakrand Sugar Mills’ Board Meeting Adjourned Indefinitely Pending Financials Conclusion

Karachi, In a recent development, the Board of Directors of Sakrand Sugar Mills Limited convened a meeting at Karachi on June 23, 2023, to review the company's Quarterly Accounts for the quarter ended March 31st, 2023. However, due to unresolved financial issues pertaining to the said quarter, the meeting was adjourned indefinitely.

The board members of Sakrand Sugar Mills Limited were scheduled to discuss and assess the financial performance of the company for the specified quarter. However, the inconclusive state of the financials led to the decision to adjourn the meeting until further notice.

The adjournment has been implemented to allow ample time for the necessary investigations, evaluations, and resolutions regarding the financial matters related to the quarter ended March 31st, 2023. The board of directors aims to ensure accuracy, transparency, and adherence to regulatory standards in the company's financial reporting.