Shifa International Hospitals Limited increases paid up capital

Karachi: Shifa International Hospitals Limited informed Karachi Stock Exchange that Board meeting of the company held on December 3 at Islamabad resolved that paid up capital of the company be and is hereby increased from Rs. 505,138,000/ to Rs. 545,379,000/- by offering issue of further 4,024,100 ordinary shares as right shares at a subscription price of Rs. 260/- per share (including premium of
Rs 250/- per share in proportion of 7.9663 (approx) Right shares for every 100 existing ordinary shares of Rs. 100 each i.e. 7.9663% (approx.)

Shifa International Hospitals Limited is incorporated in Pakistan on September 29, 1987 as a private limited company and converted into a public limited company on October 12, 1989. The principal activity of the Company is to establish and run medical centres and hospitals in Pakistan. The Company has established its first hospital in 1993 in Islamabad, second hospital in 2011 in Faisalabad and another in 2014 in G-10/4, Islamabad. Besides this, the Company is running medical centres, pharmacies and lab collection points in different cities of Pakistan. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Islamabad.

The symbol “SHFA” is being used by the stock exchange for the shares of Shifa International Hospitals Limited.