Transaction of 7,000,000 shares of Hub Power Company Private Limited


Karachi, Hub Power Company Private Limited informed Pakistan Stock Exchange about transaction of shares of the company. That Mr. HussainDawood, Chairman and Director of the Company has gifted 7,000,000 shares of the Company to his son Mr. Abdul SamadDawood on January 23, 2018m through gift deed.

HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange.

The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power.

The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.