Karachi, Rafhan Maize Products Company Limited informed Pakistan Stock Exchange about appointment of Mr. Marcel Hergett as Director and Mr. Michael Fergus Oriorden has been appointed as Chairman of the company in place of Mr. Pierre Perezy Landazuri with effect from March 05, 2023.
“Rafhan Maize Products Company Limited was incorporated in Pakistan. Ingredion Incorporated Chicago, U.S.A., holds majority shares of the Company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, and dextrose, dextrin and gluten meals.
The total number of shares are 9,236,400. The Earnings per share is 659.80 in 2020 which was 589.36 in 2019. The Profit after Taxation of the Company 6,094,231,000 in 2020 which was 5,443,566,000 in 2019.”