Karachi, Saif Power Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 28, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 3,033,080,880 with earnings per share 7.85 basic and diluted respectively.
Further, 13% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April24, 2019 to April30, 2019 (both days inclusive).
Saif Power Limited (SPL) was incorporated in Pakistan on November
11, 2004 as a Public Limited Company under the Companies Ordinance 1984 and
commenced commercial operations on April 30, 2010.
SPL was developed under Government of Pakistan Power Policy 2002 on a Build,
Own and Operate basis in Sahiwal District of Punjab, Pakistan. Head office of
the Company is located at Kulsum Plaza, Jinnah Avenue, Blue Area, Islamabad,
Pakistan.
SPL is a project of Saif Group, which is a diversified industrial and services
conglomerate with portfolios in Textiles, power generation, oil & gas
exploration, information technology & software development, real estate,
fiber optic network, environmental management and healthcare services.
The symbol “SPWL” is being used by the stock exchanges for the shares Saif
Power Limited.
