Material Information of Arif Habib Limited

Material Information

Karachi, Arif Habib Limited informed Pakistan Stock Exchange that the management of the company have been appointed as Manager to Offer by Park View Enclave (Pvt.) Limited (hereinafter referred to as the “Acquirer”), in accordance with the provision of the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

  1. On behalf of the Acquirer, we are pleased to submit a Public Announcement of Intention to acquire at least 51% of the issued and paid up capital of SilkBank Limited (the “Target”).
  2. In accordance with the Act and the Takeover Regulations, the Public Announcement of Intention is intended to be published in one English and One Urdu newspaper within the regulatory timeline. Copies of both published advertisements will be submitted to your office accordingly.
  3. In case of any queries or for any further information, please contact the undersigned.

Arif Habib Limited is a public listed company incorporated in Pakistan. It is a premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research, and listed at Pakistan Stock Exchange.

Arif Habib Limited’s brokerage operations in Pakistan are assisting scores of Institutional, Corporate, and High Net Worth and Retail clients.

The principal activities of the Company are investments, share brokerage, inter-bank brokerage, Initial Public Offer (IPO) underwriting, advisory and consultancy services. The shares of the Company are quoted in Pakistan Stock Exchange, and the symbol “AHL” is used for the shares of the Company.

The total number of shares the company has issued are 59,400,000 where the Earnings Per Share in 2020 is 1.00 which was (0.95) in 2019. The Profit After Taxation has increased in 2020 and is 59,856,000 which was (62,461,000) in 2019.