Category: Board Meetings

Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

The United Insurance Company of Pakistan Limited was incorporated on October 20, 1959, in Pakistan as a Public Limited Company. The principal activity of the Company is General Insurance Business and it qualifies as a domestic insurance company under the Insurance Ordinance, 2000 and undertakes Fire & Property Damage, Marine Aviation & Transport, Motor, Crop and Miscellaneous General Insurance.

The Company has been allowed to carry on Window Takaful Operation on August 18, 2014 by the Securities and Exchange Commission of Pakistan (SECP) under the Takaful Rules, 2012. The Company has not transacted any insurance business outside Pakistan.

The total number of shares are 295,000,044. The Earning per share is 1.41 in 2020 which was 1.54 in 2019. The Profit after tax is 414,555,000 in 2020 which was 401,591,000 in 2019.

Karachi, First Pak Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

First Pak Modaraba is a multipurpose, perpetual Modaraba. The Modaraba is currently engaged in various modes of Islamic funding’s and businesses which include ijarah financing, deployment of funds in Musharaka, Modaraba and investment in securities.

The total number of shares are 12,540,000. The Earnings per share is 0.15 in 2020 which was 0.04 in 2019. The Profit after Taxation of the Company is 1,845,000 in 2020 which was 514,000 in 2019.

Karachi, Avanceon Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 30, 2021 at Lahore. The agenda of the meeting will to consider the half yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 23, 2021 to August 30, 2021.

Avanceon Limited was incorporated in Pakistan on 26 March 2003, as a private limited company which was converted to a public company on 31 March 2008. The Company’s principally business is to trade in products of automation and control equipment and to provide related technical services.

In Pakistan they are operating from Lahore, Karachi and Islamabad in manufacturing and other segments which includes Oil and Gas, Power, Infrastructure, Transportation, as well as FMCG.

The Company is listed on Pakistan Stock Exchange Limited, and “AVN” is being used by the Stock Exchange for the shares of the Company.

The number of shares the company has introduced are 256,593,357. The Earnings per shares of the Company is 3.18 in 2020, which was 3.01 in 2019. The profit after taxation in 2020 has increased which is 673,839,000 compare to 653,870,000 in 2019.

Karachi, Awwal Modaraba Management Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

Awwal Modaraba Management Limited (AMML) is licensed by the Registrar of Modarabas, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”).

The establishment of a Modaraba Management Company (MMC) is expected to translate into significant financial benefits for its shareholders and investors in the Modaraba funds.

The symbol “AWWAL” is being used by the stock exchange for the Awwal Modaraba Management Limited.

Karachi, SME Leasing Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Islamabad. The agenda of the meeting will to consider the half Quarter Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country.

The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003.

The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities.

The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. It provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country.

The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.

Karachi, KASB Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

KASB Modaraba was incorporated on June 5, 2014, at that time it was wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). It is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, Musharaka financing, Modaraba financing, diminishing Musharaka and investing in Sukuk bonds, mutual funds and listed securities. The Modaraba was previously managed by the Administrator, appointed by the SECP vide order dated April 03, 2019 issued by the Registrar Modaraba

Total number of shares of the Company are 48,066,480. The Earnings per shares of the Company is (2.14) in 2020 which was (0.71) in 2019. The Company had a loss of Rs. 102,921,000 in 2020 which was 34, 240,000 in 2019.

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 24, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 24, 2021.

Pakistan International Bulk Terminal Limited was incorporated on March 22, 2010. The Company has entered into a Built Operate Transfer (BOT) contract with Port Qasim Authority (PQA) on November 06, 2010 for the construction, development, operations and management of coal and clinker/cement terminal at Port Mohammad Bin Qasim for thirty years. After the expiry date, the Company will transfer all the concession assets to PQA.

The total numbers of shares of the Company are 1,786,092,772. The Earnings per shares is 0.64 in 2020 which was (1.37) in 2019. The Profit after Taxation is 1,144,285,000 in 2020 which was (2,377,102,000) in 2019.

Karachi, EFU General Insurance Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 25, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 25, 2021.

EFU General Insurance Limited EFU General Insurance Limited was incorporated as a public limited company on 2 September 1932. The Company is engaged in non-life insurance business comprising of fire and property, marine, motor, also assures safety of property from all sorts of engineering and fire related damages.

The total number of shares the company has introduced are 200,000,000. The Earnings per shares of the company is 11.85 in 2020 which was 13.04 in 2019. Their Profit after Taxation is 2,370,823,000 in 2020 which was 2,608,580,000 in 2019.

Karachi, Zephyr Textiles Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 24, 2021 at Karachi to consider to elect Chief Executive Officer and Chairman of the Company.

Further, the company has declared the closed period from August 18, 2021 to August 24, 2021.

Zephyr Textiles Limited was incorporated in Pakistan on February 26, 1999 as a private limited Company. Subsequently on October 04, 2004 it was converted into a public limited Company. The Company is principally engaged in the manufacturing, dying and trading of woven cloth which also includes towels.

The total numbers of shares are 59,428,729. The Earnings per share is 0.93 in 2020 which was 1.98 in 2019. The Profit after Taxation is 55,072,000 in 2020 which was 117,838,000 in 2019.

Karachi, Habib Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 26, 2021 at Karachi. The agenda of the meeting will to consider the half yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 26, 2021.

Habib Insurance Company Limited was incorporated in Pakistan as a public limited company in the year 1942. The Company is engaged in general insurance business comprising of Fire and property, Marine and transport, Motor, Group hospitalization and other classes.

The total number of shares are 123,874,755. The Earnings per Shares of the company is 0.50 in 2020 which was 0.57 in 2019. Their Profit after Taxation is 61,663,000 in 2020 which was 70,087,000 in 2019.

Karachi, Sanofi – Aventis Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 26, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 18, 2021 to August 26, 2021.

The Company was incorporated in Pakistan in 1967 as a Public Limited Company. The Company is a subsidiary of Sanofi Foreign Participations B.V., registered in Netherlands (the Parent Company). The Ultimate Parent of the Company is Sanofi S.A., France. The Company is engaged in the manufacturing and selling of pharmaceutical, consumer healthcare products and vaccines.

The total numbers of shares are 9,644,800. The Earnings per share is 51.12 in 2020 which was 16.05 in 2019. The Profit After Taxation is 493,067,000 in 2020 which was 154,836,000 in 2019.

Karachi, Service Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 26, 2021 at Lahore. The agenda of the meeting will to consider the half yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 26, 2021.

Service Industries Limited was incorporated on 20 March 1957 in Pakistan. The principal activities of the Company are purchase, manufacture and sale of footwear, tyres and tubes and technical rubber products. The factories are situated in Gujrat and one in Sheikhupura Road, Muridke

The total number of shares the company has introduced so far are 46,987,500. Their Earnings per shares in 2020 is 29.37 which was 37.73 in 2019. The Profit After Taxation in 2020 is 690,024,000 which was 886,364,000 in 2019.