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Islamabad, The shareholders of Saif Power Limited, in the 20th Annual General Meeting held on April 29, 2024, passed several key resolutions. The financial statements for the year ended December 31, 2023, were received, approved, and adopted. This includes both standalone and consolidated audited financial statements along with the Directors’ and Auditors’ reports.
The shareholders approved a final cash dividend of Rs. 1.50 per share, equivalent to 15% for the fiscal year ending December 31, 2023. This final dividend is in addition to the interim dividends already paid at Rs. 2.79 per share, totaling 27.9%.
Additionally, the meeting resolved to re-appoint M/s Grant Thornton Anjum Rahman (GTAR) Chartered Accountants of Islamabad as the external auditors for the Company. Their appointment is effective from the conclusion of this meeting until the next Annual General Meeting. The fee for the auditors has been increased by 7.5% over the previous year’s fee, following a recommendation from the Board of Directors.