Karachi, Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the company will be held on October 09, 2018 at Islamabad to consider the operational and other matters of the Company. The requirement for notice to be served seven days notice prior to the meeting has been waived by the directors in accordance with the regulation 35(vi) of the code of corporate Governance, 2012, due to the emergent nature of the matters. 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.
Read More »Daily Archives: October 3, 2018
“Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene products across 1 million rural households, backed by the UK Government”
Karachi, October 03, 2018 (PPI-OT): One million rural households will receive quality health and hygiene products, as Project Hope scales…
Read More »Junaid Makda urges FIA to refrain from harassing businessmen
Karachi, October 03, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda, while expressing deep concerns…
Read More »Hubco announces equity injection by CMEC in its indigenous coal project
Karachi, October 03, 2018 (PPI-OT): Pakistan’s largest Independent Power Producer, The Hub Power Company Limited, has announced a capital investment…
Read More »FPCCI condemns FBR for questioning assets declared under Amnesty Scheme
Karachi, October 03, 2018 (PPI-OT): The meeting No.4/2018 (ordinary) of the Executive Committee of the Federation of Pakistan Chambers of…
Read More »Easypaisa QR University Drive
Karachi, October 03, 2018 (PPI-OT): As part of its commitment towards providing youth access to quality financial services and creating…
Read More »Chief Justice of Pakistan lectures on Role of Judiciary in Governance in Pakistan at PAF Complex Islamabad
Islamabad, October 03, 2018 (PPI-OT): Hon’ble Chief Justice of Pakistan, Mr. Justice Mian Saqib Nisar visited PAF Complex Islamabad today on request extended by Air Chief Marshal Mujahid Anwar Khan NI(M). Hon’ble Chief Justice of Pakistan delivered a lecture on...
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