Karachi, DewanFarooque Motors Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 16, 2018 to February 23, 2018.
DeewanFarooque Motors Limited is a company incorporated in Pakistan on December 28, 1998 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company has entered into separate technical License/ collaboration agreements with Hyundai Motor Company, Korea and KIA Motors Corporation, Korea. The principal activity of the company is the assembly, progressive manufacturing and sales of Hyundai and KIA vehicles in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and the manufacturing facility of the company is located in Sindh.
The company commenced commercial production through the interim facility from January 1, 2000. The company has suspended its operations since November, 2010.
The symbol “DFML” is being used by the stock exchanges for the shares of DeewanFarooque Motors Limited.