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Monthly Archives: December 2015

Board meeting of Askari General Insurance Company Limited will be held on January 06, 2016

Karachi: Askari General Insurance Company Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on January 06, 2016. The agenda of the meeting is to consider and approve financial budget for the upcoming year 2016. The announcement is available at http://www.kse.com.pk/notices-updates/detail2.php?0.33413852844387293&id=4&nid=074403 Askari General Insurance Company Limited is a company incorporated in Pakistan on April 12, 1995 as a public limited company. The commercial operations of the company commenced from October 15, 1995. The foundations of the company are laid under the fundamentals of the Companies Ordinance, 1984. The company is engaged in the business of non-life insurance business comprising of fire, marine, motor, accident, health and miscellaneous. The insurance company has around 19 branches located across Pakistan. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Rawalpindi. The company is sponsored by the Army Welfare Trust which is itself engaged in the business of finance, banking and production of consumer goods and service. The company apart from traditional coverage offers specialized coverage for various engineering risks. The symbol “AGIC” is being used by the stock exchanges for the shares of Askari General Insurance Company Limited.

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Transaction of 5,000 shares of Sazgar Engineering Works Limited

Karachi: Sazgar Engineering Works Limited informed Karachi Stock Exchange about transaction of shares of the company.1, 500 shares @ Rs. 32.00 and 3,500 shares @ Rs. 31.80 per share were sold in the market on December 30, 2015 through market. Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company. It was later converted into a Public Limited Company on the 21st of November 1994 under the Companies Ordinance of 1984. Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. The company has manufacturing facilities spread over an estate of 5 Acres based in Pakistan and a Global Dealer Network through which the company exports its products in the international markets. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore. The symbol “SAZEW” is being used by the stock exchanges for the shares of Sazgar Engineering Works Limited.

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Financial results of Adam Sugar Mills Limited for the periodended September 30, 2015

Karachi: Adam Sugar Mills Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held on December 31, 2015. The agenda of the meeting was discussion of profit and loss account for the period ended September 30, 2015 which portrayed a loss of Rs. 70,500,029 and loss per share 4.08 basic and diluted. Further, 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 January 30, 2016. Further, the share transfer books of the company will remain closed from January 21, 2016 to January 30, 2016 (both days inclusive). Adam Sugar Mills Limited was incorporated in Pakistan in 1965 in the name of Bahawalnagar Sugar Mills Limited as a public limited company. In 1985 the name of the company was changed to Adam Sugar Mills Limited. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The factory is situated in Punjab. The shares of the company are quoted on Karachi and Lahore stock Exchanges of Pakistan. The symbol “ADAMS” is being used by the stock exchanges for the shares of Adam Sugar Mills Limited.

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Dispatch of 3rdinterim dividend warrants of Engro Corporation Limited

Karachi: Engro Corporation Limited informed Karachi Stock Exchange that 3rdinterim dividend warrants at Rs.5 per share i.e. 50% for year ended December 2015 have been dispatched to all shareholders except those who have not yet provided their computerized national identity cards by registered post or through courier service on December 31, 2015. Engro Corporation Limited is a publically listed company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the business of managing investments in subsidiary companies and joint venture, engaged in chemical fertilizers, PVC resin manufacturing, food, energy, exploration, LNG and liquid chemical terminal and storage businesses. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The business ventures of the company started in 1957 from the search for oil by Pak Stanvac an Esso/Mobil joint venture which led to the discovery of the Mari Gas field near Daharki. Later, Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public. The subsidiary companies of the group are Engro Fertilizers Limited, Engro Foods Limited, Engro Polymers And Chemicals Limited, Engro Powergen Limited, Engro EXIMP Private Limited, Engro Vopak Terminal Limited and Elengy Terminal Pakistan Limited. The symbol “ENGRO” is being used by the stock exchange for the shares of Engro Corporation Limited.

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