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Daily Archives: December 21, 2015

Fixation of Number of directors to be elected in extra ordinary general meeting of Safe Mix Concrete Product Limited

Karachi: Safe Mix Concrete Limited informed Karachi Stock Exchange about the board of directors in its meeting held on October 27, 2015. The agenda of the meeting has fixed the seven directors to be elected in forthcoming extra ordinary general meeting for a term of three years. Safe Mix Concrete Products Limited is a company incorporated in Pakistan established in April, 2005 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. On February 21, 2007 the company was converted to a public limited company. The company is engaged in providing innovative solutions within the construction industry. The company has undertaken a number of projects such as Packages Bulleh Shah, Nestle Kabirwala factory, Bab-e-Pakistan. Creek Marina, Emaar Crescent Bay, Mabarak Center, DHA Riya Golf & Country Club, Lahore Ring Road, Creek Lodge, Gizri flyover, Dawood Islamic Tower, etc. The principal activity of the company is production and supply of ready mix concrete, building blocks and construction of pre fabricated buildings, factories and other construction sites. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Pakistan. The symbol “SMCPL” is being used by the stock exchanges for the shares of Safe Mix Concrete Products Limited.

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Beneficial Ownership in the certificate of KASB Modaraba

Karachi: KASB Invest private limited informed Karachi Stock Exchange about beneficial ownership acquired in the certificate of KASB Modaraba. 8000 Certificate @ Rs. 2.54 per certificate were bought in the market on December 18, 2015. KASB Modaraba was incorporated in Pakistan under the Modaraba Companies and Modaraba Ordinance, 1980. The operations of the company are managed by KASB invest private limited which acts as a management company. The company is an Islamic financial institution extending financial facilities to its customers on Islamic principles of Shariah. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. KASB Modaraba is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, musharaka financing, murabaha financing, modaraba financing, diminishing musharaka and investing in listing securities. The symbol “KASBM” is being used by the stock exchanges for the shares of KASB Modaraba.

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Shares of Habib Insurance Company Limited

Karachi: Habib Insurance Company Limited informed Karachi Stock Exchange about the gifted of the shares. The director Mr. Aun Mohammad A. Habib has gifted 1,482,970 shares by her sister, also Mr. Sajjad Hussain Habib has been gifted 1,482,957 shares by her sister and, Mrs Razia Ali Raza spouse of chief executive officer, Mr Ali Raza d habib has been gifted 757,323 shares by her daughter. Habib Insurance Company Limited was incorporated in Pakistan as a public limited company in the year 1942. The foundations of the company have been laid using the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The company is engaged in the business of general insurance. The registered office of the company is located in Karachi. The stocks are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The services offered by the company in the form of products include fire, marine, engineering and miscellaneous products. Atmospheric disturbance, malicious damage, personal accidents and health insurance are also the risk covered by the company. The associate companies of HICL include AL Habib Capital Markets Private Limited, AL Habib Financial Services Limited, Bank Al-Habib Limited, Habib & Sons Private Limited, Habib Asset Management Limited, Habib Metropolitan Bank Limited, Habib Motor Company Private Limited, Habib Sugar Mills Limited, House of Habib Private Limited, Indus Motor Company Limited, Karachi Mercantile Co. Private Limited, Makro Habib Private Limited, Noble Computers Services Private Limited, Proline Private Limited, Proline Wovens Private Limited, Shabbir Tiles & Ceramics Limited and Thal Limited. The symbol “HICL” is being used by the stock exchange for the shares of Habib Insurance Company Limited.

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Schedule for handling Unpaid Rights of Crescent Star Insurance Limited

Karachi: Karachi Stock Exchange informed Crescent Star Insurance Limited about the unpaid rights of the exchange of the security handled in central depository system. The right ratio of the company is 33.33333% and book closure on December 10 to December 16, 2015. Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan. The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services. The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.

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