Annual general meeting of Al-abbas Sugar Mills Limited

Karachi: Al-Abbas Sugar Mills Limited informed Karachi Stock Exchange about the annual general meeting of the company will be held on January 28, 2016 at Karachi.

The agenda of the meeting will be confirming the minutes of 24th annual general meeting held on January 30, 2015,consideration of the audited financial statement of the company for the year ended September 30, 2015, considering the payment of cash dividend of 35%, appointing and fixing the remuneration of the auditors. The election of the directors as fixed for a three year period from January 29, 2016.

Further, the closed period of the company is from January 22 to January 28, 2016.

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.