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Daily Archives: December 9, 2016

Gemalto to acquire 3M’s Identity Management Business

Transaction includes 3M Cogent Inc., Document Reader and Secure Materials Businesses This strategic acquisition rounds out Gemalto Government Programs offering by adding biometric technology and ideally positions the Company to provide solutions for the promising commercial biometrics market The purchase price of US$850 million will be financed with cash and existing credit facilities Closing is […]

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Dispatch of interim dividend warrants of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange that the dividend warrants in respect of interim dividend @ Rs. 3.50 per share, i.e. 35% for the year ended September 30, 2016 have been dispatched by registered post or through courier service on December 06, 2016. Habib Bank Limited is incorporated in Pakistan as a commercial bank in 1947 and the foundations of the company are laid under the Banking Ordinance of Pakistan and Companies Ordinance, 1984. The company is engaged in the business of commercial banking, modaraba management and asset management related services in Pakistan and overseas. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The bank has a branch network of over 1,500 branches inside Pakistan including 33 Islamic banking branches and 43 branches outside the country including Karachi Export Processing Zone. The bank also has 1,300 ATMs across the country and a customer base exceeding five million relationships. The bank has presence in 25 countries, subsidiaries in Hong Kong and the UK, affiliates in Nepal, Kenya and Kyrgyzstan and rep offices in Iran and China. The bank is also expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East. The Government of Pakistan privatized HBL in 2004 through which the Aga Khan Fund for Economic Development acquired 51% of the Bank’s shareholding and management control, 42.5% of the shareholding is retained by the Government of Pakistan, whilst 7.5% is owned by the general public i.e. over 170,000 shareholders following the public listing that took place in July 2007. The symbol “HBL” is being used by the stock exchanges for the shares of Habib Bank Limited.

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Extraordinary general meeting of Amtex Limited to be held on December 31, 2016

Karachi, Amtex Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 31, 2016 at Faisalabad. The agenda of the meeting will be confirming the minutes of the annual general meeting held on October 31, 2016. Amtex Limited is a company incorporated in Pakistan as a private limited company in 1991. It was later converted into a private limited company from March 20, 2007 the foundations of which are laid under the Companies Ordinance, 1984. The core business activities of the company is export of all kinds including value added fabrics, textile made ups, casual and fashion garments duly processed. The company is also engaged in the business of manufacture and sale of yarn. The production facility of the company is located in Faisalabad. The registered office of the company is also located in Faisalabad. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The symbol “AMTEX” is being used by the stock exchange for the shares of Amtex Limited.

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