VIS Assigns Final Rating to the Sukuk of OBS Pakistan (Private) Limited

Karachi, August 23, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has assigned final rating of ‘A+’ (Single A plus) to the Sukuk issue of Rs. 3.6b of OBS Pakistan (Private) Limited (OBS-Pak). Rating of ‘A+’ signifies good credit quality with adeq...

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TPL Properties Limited Announces Change in Company Secretary: Ms. Shayan Mufti Takes Over

Karachi, TPL Properties Limited, a prominent player in the real estate sector, has disclosed a significant change in its leadership with the departure of Mr. Danish Qazi from the role of Company Secretary, effective as of August 22, 2023. In line with ...

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Sui Southern Gas Company Director, Mr. Zuhair Siddiqui, Disqualified under Companies Act, 2017

Karachi, Mr. Zuhair Siddiqui, a Member of the Board of Directors at Sui Southern Gas Company Limited, has been disqualified from his directorial position, effective as of August 15, 2023, in accordance with Section 172 of the Companies Act, 2017. This ...

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Faysal Asset Management Approves Interim Distribution for Faysal Islamic Cash Fund

Karachi, Faysal Asset Management Limited (FAML) has announced an interim distribution for the year ending June 30, 2024, on behalf of the Faysal Islamic Cash Fund. The Chief Executive Officer of FAML, authorized by the company's Board of Directors, has...

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Aga Khan Fund for Economic Development Strengthens Position in Habib Bank Limited through Substantial Share Purchases

Karachi, Habib Bank Limited has reported significant share transactions undertaken by the substantial shareholder, the Aga Khan Fund for Economic Development, on August 22, 2023. These strategic acquisitions underscore the Fund's ongoing commitment to ...

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UBL Fund Managers Declares Interim Cash Dividends for UBL Special Savings Plan-V and Al-Ameen Islamic Cash Plan-I

Karachi, UBL Fund Managers Limited has announced the approval of interim cash dividends for two of its investment plans, reflecting the company's commitment to delivering value to its unit holders. The Chief Executive Officer, operating within the auth...

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VIS Assigns Initial Ratings to Sachal Engineering Works (Private) Limited

Karachi, August 23, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) to Sachal Engineering Works (Pvt.) Limited (SEWL). The medium to long-term rating of ‘A-’ signifies good c...

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