Karachi, Saudi Pak Leasing Company Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on November 25, 2014. The agenda of the meeting was discussion of profit and loss account of the company for year ended June 30, 2014 which portrayed a profit of Rs. 7,217,691 and earnings per share 0.03 basic and 0.07 diluted. Nil payment of cash dividend, bonus shares and right shares was agreed. The annual general meeting of the company is scheduled to be held on December 26, 2014 at Islamabad. Further, the share transfer books of the company will remain closed from December 19, 2014 to December 26, 2014 (both days inclusive). Saudi Pak Leasing Company Limited was incorporated in January 1991. In October 1997, Saudi Pak Industrial & Agricultural Investment Company acquired the entire 30% shareholding of Standard Chartered Bank. SAPICO is the second largest of the three investment companies set up by the Government of Pakistan as joint venture with other sovereigns. The Saudi Arabian government holds 50% equity stake in SAPICO with the other 50% held by Pakistan. The Company has a seven member board of which three, including the CEO, represent SAPICO, two, the Piracha Group, and one each, the Premier Mercantile Services and NIT. SPLC is one of the largest leasing companies in Pakistan in terms of asset size. The registered office of the company is located in Karachi. The company is listed on all the three stock exchanges in Pakistan which are namely Karachi, Lahore and Islamabad stock exchanges. SPLCs main activity is writing full payout financial leases for establishing corporate entities. The preferred assets for leasing are machinery, computers, vehicles etc. The focus of the company is on the blue chip segment, which includes multinational companies and established local companies such as small and medium sector enterprise. The products of the company are for sole proprietorship, partnership concerns or even private limited companies. Its financial services are offered in various categories such as business and office equipment, manufacturing machinery, heavy machinery, medical equipment, automobiles and generators. The symbol “SPLC” is being used by the stock exchange for the shares of Saudi Pak Leasing Company Limited.
Karachi, October 22, 2013 (PPI-OT): We intend to hold Company’s 23rd Annual General Meeting on Monday, October 28, 2013 at 11:00 a.m. at Saudi Pak Tower, 61-A, Jinnah Avenue, Blue Area, Islamabad to transact the following ordinary business: 1. To confirm the minutes of the Annual General Meeting held on November 30, 2012 and the minutes of Extra-Ordinary General Meeting held on December 29, 2012. 2. To receive, consider and adopt the audited Financial Statements of the Company together with the Directors’ and Auditors’ Reports thereon for the year ended June 30, 2013. 3. To appoint auditors for the year ending June 30, 2014 and fix their remuneration. 4. To consider any other business with the permission of the Chair. Your kind approval is required in this regard. For more information, contact: Iqra Sajjad Acting Company Secretary Saudi Pak Leasing Company Limited 6th Floor, Lakson Square, Building # 1, Sarwar Shaheed Road, Saddar, Karachi- 74200, Pakistan Ph: 111-888-999, (021) 5655181-5, 5655215-9 Fax: (021) 5210607-9
Karachi, July 29, 2013 (PPI-OT): We wish to inform you that as per resolution passed by the TFC Holders by circulation subsequent to their meeting held on December, 26, 2011 the redemption of principal payment is due on monthly basis. As per revised arrangement the monthly payment date has been fixed for 13th of every […]
Karachi, June 28, 2013 (PPI-OT): We have to inform you that Mr. Muhammad Ali Siddiqui Chief Financial Officer and Company Secretary is no longer with our Company with effect from June 30, 2013 and Ms. Iqra Sajjad will takeover the charges as Chief Financial Officer and Company Secretary in his place subject to approval of […]
Karachi, June 25, 2013 (PPI-OT): This is to inform you that Central Depository Company of Pakistan Limited has been appointed by us as Share Registrar/ Transfer Agent of the Company with effect from July 01, 2013. Their address and timings are as follows: Address: Share Registrar Department Central Depository Company of Pakistan Limited CDC House, […]
Karachi, April 25, 2013 (PPI-OT): We wish to inform you that as per resolution passed by the TEC Holders by circulation subsequent to their meeting held on December 26, 2011 the redemption of principal payment is due on monthly basis. As per revised arrangement the monthly payment date has been fixed for 13th of every […]
Karachi, March 27, 2013 (PPI-OT): We have to inform you that the Board of Directors of the Company in its meeting held on Tuesday, March 26, 2013 and Wednesday, March 27, 2013, recommended the following for half year ended December 31, 2012. Cash Dividend Nil Bonus Shares Nil Right Shares Nil Any Other Entitlement/ Corporate […]
Karachi, March 26, 2013 (PPI-OT): This is to inform you that the meeting of the Board of Directors of the Company schedule for today at 3:00 p.m. “Is In Progress”, and is expected to continue till tomorrow, evening. The results/ declarations will be submitted to you tomorrow immediately after the conclusion of the Board Meeting. […]