Karachi: Maple Leaf Cement Factory Limited informed Karachi Stock Exchange about the management that its wholly owned subsidiary company namely Maple Leaf Power Limited has signed agreement with plant supplier, m/s sinoma energy conservation limited china for setting up 40 MW imported coal fired power plant at Islamabad. The project is expected to start its commercial production in May 2017 which is based on highly efficient steam turbine generators, fuel system and cooling system. Maple Leaf Cement Factory Limited was incorporated in Pakistan on April 13, 1960 as a public company limited. The foundations of the company are laid under the Companies Ordinance, 1984 by shares. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The principal activity of the company is production and sale of cement. It is a subsidiary of Kohinoor Textile Mills Limited. The registered office of the company is located at Lahore. The cement factory is located at District Mianwali in the province of Punjab. The products of Maple Leaf Cement factory are Ordinary Portland Cement with a capacity of 11,700 tons per day and White Cement with a present capacity of 500 tons per day. The company has developed a niche market for specialized cement such as sulphate resistant cement, low alkali cement and oil well cement. It is the only local cement manufacturer producing oil well cement. The symbol “MLCF” is being used by the stock exchanges for the shares of Maple Leaf Cement Factory Limited.

Karachi: IGI Insurance Limited informed Karachi Stock Exchange about transaction of shares of the company. 14,000 shares @ Rs. 240 per share were bought from the market on December 18, 2015. IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located in Karachi. The company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company. The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited. The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.

Karachi: Mughal Iron and Steel Industries Limited informed Karachi Stock Exchange that the outstanding 5% bonus shares withheld u/s 236 M of the income tax ordinance 2001 have been credited on December 19, 2015 in the respective CDC sub account of thos...

Karachi: Al-Abbas Sugar Mills Limited informed Karachi Stock Exchange that board meeting of the company to be held on December 28, 2015 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended September 30, 2015. Further, the closed period of the company shall be from December 22, 2015 to December 28, 2015. 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.

Karachi, Suraj Cotton Mills Limited informed Karachi Stock Exchange that board meeting of the company is scheduled to be held on December 29 at Lahore. The agenda of the meeting shall be consideration of company accounts. Further, the closed period of the company shall be from December 22, 2015 to December 29, 2015. Suraj Cotton Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. It is also engaged in the processing of cloth. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “SURC” is being used by the stock exchange for the shares of Suraj Cotton Mills Limited.

Karachi, Siemens (Pakistan) Engineering Company Limited informed Karachi Stock Exchange about re-appointment of Mr. Bernhard Wilhelm Niessing as Chairman of the company with effect from December 17, 2015. Siemens Pakistan Engineering Company Limited was founded in 1922 in the Indo-Pak region. In 1953 the company was recognized as a private limited company. In 1963 the company was restructured as a public limited company. The business of the company includes operating in the industry sector, energy sector, health care sector, and infrastructure and cities sector. The head office of the company is located in Karachi whereas the regional offices of the company are in Lahore, Islamabad and Quetta. The representative offices of the company are located in Peshawar and Multan. The core operations of the business include supplying high voltage grid stations, switch gear products and systems, power and distribution transformers and network consultancy. The company is engaged in educating the students about the engineering advancements and for this automated labs have been structured. The recent projects of the company in Pakistan include development of the airfield lighting solution for Pakistan’s first green field project, the Benazir Bhutto International Airport in Islamabad, supply, installation, testing and commissioning of an integrated building management system for Dolmen Mall, Karachi and providing smart grid turnkey automation solutions to the Karachi Electric Supply Company Load Dispatch Center. The symbol “SIEM” is being used by the stock exchange for the shares of Siemens Pakistan Engineering Company Limited.

Karachi, Khyber Tobacco Company Limited informed Karachi Stock Exchange that the final dividend warrants @ Rs. 6 per share i.e. 60% for the year ended June 2015 have been dispatched to the shareholders by registered post or through courier service on November 29, 2015. Khyber Tobacco Company Limited is a public limited company incorporated in Pakistan on October 15, 1954. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes and re-drying of tobacco. The products of the company are Gold Street, Classic, Hero, Chance and Virtue. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Mardan. The company has extended its operation around the world with an established distribution network in parts of Eastern Europe, South and West Africa, Central and South Asia and the Middle East. It has internationally recognized brands and a fully integrated production facility to provide leaf and blended tobaccos. The symbol “KTC” is being used by the stock exchanges for the shares of Khyber Tobacco Company Limited.