Pakistan Company News – Credit of Final Cash Dividend for the year ended December 31, 2017

Credit of Final Cash Dividend for the year ended December 31, 2017

Karachi, Pak Elektron Limited informed Pakistan Stock Exchange that the Cash Dividend in respect of final Dividend at Rs. 1.20/- per share i.e. 12% for the year ended December 31, 2017 has been credited on May 16, 2018 through electronic mode directly into the designated bank account of the shareholders of the Company.

Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines.

The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.