Karachi, Faisal Spinning Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 30, 2020 at Karachi to consider the approve the sale 265.25 acres of land under the powers conferred to the board of directors by the companies Act, 2017 and any other matter with the approval of the chair.
Further, the company has declared the closed period from December 24, 2020 to December 30, 2020.
Faisal Spinning Mills Limited is a Pakistan-based company, which is engaged in the manufacturing and sale of yarn and fabric. The Company’s segments are Spinning, Weaving and Power Generation. The Company’s production facilities are located at Nooriabad District, Dadu in the province of Sindh and Feroz Watwan, District Sheikhpura in the Province of Punjab. The Company offers textile products to local and international markets. The Company is a part of the textile group of Umer Group.
The symbol “FASM” is being used by the stock exchanges for the shares of Faisal Spinning Mills Limited.