Karachi, Rafhan Maize Products Company Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at London on February 14, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 4,392,257 with earnings per share 475.54 basic and diluted respectively.
Further, 1250% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March22, 2018 to March 29, 2018 (both days inclusive).
Rafhan Maize Products Company Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. Ingredion Incorporated (Formerly Corn Products International, Inc.) Chicago, U.S.A., holds the 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, dextrose, dextrin and gluten meals. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The symbol “FDIBL” is being used by the stock exchange for the shares of First Dawood Investment Bank Limited.