Pakistan Company News

Material Information of Saif Power Limited

Karachi, Saif Power Limited informed Pakistan Stock Exchange that the extraordinary general meeting of the company held on May 12, 2022 have approved dividend in kind by distributing ordinary shares held by Saif Holdings Limited in the paid up capital of the company, and accordingly have approved distribution of 46,111,748 numbers of ordinary shares as dividend in shares of SPWL by SHL to its shareholders.

Saif Power Limited was incorporated in Pakistan on November 11, 2004 as a public limited company and commenced operations from April 30, 2010. The principal activities of the Company are to own, operate and maintain a combined cycle power plant having nameplate capacity of 225 MW (ISO) and sell the electricity to Central Power Purchasing Agency Guarantee Limited (CPPA-G).

The total number of shares the company has introduced so far are 386,471,779. The Earning per share in 2020 is 6.14 which was 9.44 in 2019. The profit after taxation in 2020 is 2,371,501,000 which was 3,649,947,000 in 2019.