Karachi, SME Leasing Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 06, 2023 at Islamabad to consider the impact on the Company of the decision made by the Federal Cabinet in its meeting held on March 17, 2023 to wind down the Parent Company of the company.
Further, the company has declared the closed period from April 03, 2023 to April 06, 2023.
SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country.
The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003.
The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities.
The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. it provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country.
The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.