Karachi, Security Leasing Corporation Limited informed Pakistan Stock Exchange that the company is in the process of negotiation with financial institutions for settlement of their outstanding liabilities. The following is a summarized status of the negotiations with various financial institutions: The management is in the process of finalizing settlement with different banks in respect of their outstanding of liabilities. The management is currently in negotiation with 51% holders of Sukuk-II for settlement of their outstanding of Rs. 231 million.
Security Leasing Corporation Limited was incorporated in Pakistan on December 06, 1993 and commenced its operations on May 21, 1995. The company is Non – Banking Finance Company (NBFC) and is engaged in the business of leasing.
The total numbers of shares are 36,300,000. The Earnings per share is (1.21) in 2020 which was (0.76) in 2019. The Company had a loss of Rs. 44,079,000 in 2020 which was 27,613,000 in 2019.