Karachi, Wah Noble Chemicals Limited informed Pakistan Stock Exchange that the seven members have filed with the company of their intention to offer themselves for election as Directors of the Company at the Extraordinary General Meeting of the company scheduled to be held on May 31, 2022 at Wan Cantt.
Wah Nobel Chemicals Limited was incorporated in Pakistan on May 31, 1983 as a public limited company. The principal activity of the Company is to manufacture Urea Formaldehyde Moldings Compound, Formaldehyde and Formaldehyde based liquid resins for use as bonding agent in the chip board, plywood and flush door manufacturing industries.
Wah Nobel is a joint venture between the Wah Industries Limited, Saab (Sweden) and Almisehal Co (Saudi Arabia). Wah Nobel Group is a multinational group with six companies on its orbit. Wah Nobel operates as a Commercial Subsidiary of POF on commercial frequency and wavelength.
The total number of shares of the Company are 9,000,000. The Earnings per shares are 14.48 in 2020 which was 19.61 in 2019. The Profit after Taxation of the Company is 130,307,000 in 2020 which was 176,492,000 in 2019.