Friday, December 9

Board of directors meeting of Saudi Pak Leasing Company Limited

Karachi, Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 30, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 23, 2021 to September 30, 2021.

Saudi Pak Leasing Company Limited was incorporated in Pakistan on 08 January 1991. The main business activity of the Company is leasing of assets.

In October, 1997, Saudi Pak Industrial & Agricultural Investment Co. Limited (“SAPICO”) acquired the entire 35.06% shareholding of Standard Chartered Mercantile Leasing Co. Limited and rechristened it as Saudi Pak Leasing Co. Limited (SPLC) with its Head Office at Karachi.

At present, SAPICO holds 35.06% stake in the Company, and the rest with the individuals as well as corporate shareholders

The total number of shares the company has introduced so far are 45,160,500. Their Earnings per shares in 2020 is (1.18) which was 0.15 in 2019. The profit after taxation in 2020 is (53,430,000) which was 6,757,000 in 2019.