Karachi, Al-Abbas Sugar Mills Limited informed Pakistan Stock Exchange that the Chief Executive Officer, under the authority granted by the Board of Directors, on July 29, 2016 will consider and approve interim distribution out of the profit earned by the board of Directors for the period ended June 30, 2016.
Further, the closed period of the company shall be from August 16, 2016 to August 22, 2016(both days inclusive).
Al-Abbas Sugar Mills Limited is a company incorporated in Pakistan on May 2, 1991 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is manufacturing and sale of sugar, processing and sale of industrial ethanol, manufacturing and sale of Calcium Carbide and Ferro alloys, generation and sales of electricity and providing bulk storage facility. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The manufacturing facilities of the company are located at Mirpurkhas, Thatta and Karachi. The company has also entered into agreement of supply of Carbon Dioxide gas at its Ethanol division.
The symbol “AABS” is being used by the stock exchanges for the shares of Al-Abbas Sugar Mills Limited.