Daily Archives: August 7, 2018

Gerhard Schubert Joins Physical Gold Fund

GRAND CAYMAN, Cayman Islands, Aug. 07, 2018 (GLOBE NEWSWIRE) — Physical Gold Fund (PGF), a world leader in physical allocated gold is pleased to announce the appointment of Mr. Gerhard Schubert to its Advisory Board.

Mr. Gerhard Schubert’s career in the precious metals market spans forty years and includes worldwide industry experience. He served as a member of the Management Committee of the London Bullion Market Association and the London Platinum and Palladium Market. Mr. Schubert is a regular speaker on precious metals at industry conferences in the UAE, India and on Bloomberg Television. He has served on various committees of the DMCC (Dubai Multi Commodities Centre) in the DGAG (Dubai Gold Advisory Group) as well as in the Independent Governance Committee of the DMCC.

Mr. Schubert has worked in precious metals with Bremer Landesbank, DG-Bank, Shearson Lehman Brothers, DFS-Bullion, Bayerische Vereinsbank and Credit Lyonnais Rouse. He served as Head of Precious Metals London & New York for INTL Commodities and as Deputy Head of Base and Precious Metals with Fortis Bank Belgium. Mr. Schubert was the head of Gold and Commodities at Arab Banking Corporation (ABC Bank) in Bahrain where he led the bank’s global mandate for Emirates NBD in Dubai and served as Global Head of Precious Metals for Fortis Nederland, now ABN AMRO Nederland.

“Physical Gold Fund ticks all the right boxes for a hassle-free, Shariah compliant and competitive investment opportunity into gold as an asset class. Gold should be a part of any portfolio as it is negative correlated to nearly all other asset classes. This makes it a perfect diversification tool for any portfolio,” said Gerhard Schubert. “I am delighted to work with PGF as the structure of the Fund and the specific investment details are speaking for themselves.”

Philip Judge, Chief Executive Officer of Physical Gold Fund stated, “Physical Gold Fund offers an exceptional solution to investors seeking a regulated product that employs the best practices of private allocated custody in gold ownership developed over decades of operational experience. PGF makes investing in physical allocated gold simple by providing a one-stop solution for acquisition, governance, custody, security, insurance, and liquidation of physical gold in an approved regulated structure.” He adds, “We are thrilled to have Gerry join our Advisory Board because he brings to the team decades of gold industry and bullion banking experience along with a vast network of strategic relationships and contacts, particularly from Europe and the Middle East.”

ABOUT PHYSICAL GOLD FUND SP

Physical Gold Fund SP is a global leader in physical allocated gold. It is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. The Fund is regulated by CIMA, is registered with the FCA and is Shariah compliant certified by Amanie Advisors LLC. PGF is a transparent, open-ended, segregated portfolio fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Liquidity protocols unique to the industry have been put in place providing greater liquidity options compared to other funds in the market. Shares of the Fund are redeemable for gold and all physical gold is insured to its full market value.

For additional information:  http://physicalgoldfund.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.

Alex Stanczyk
+1-646-846-0311

متحدہ عرب امارات کا البردہ انٹرنیشنل فیسٹیول اسلامی فنون کی جمالیات پیش کرتا ہوا

ابوظہبی، متحدہ عرب امارات، 07 اگست 2018ء/پی آرنیوزوائر/–

– نورہ الکعبی: البردہ انٹرنیشنل فیسٹیول اسلامی فنون کی دنیا کی دریافت کا سفر ہے

متحدہ عرب امارات کی وزارت ثقافت اور ترقئ علوم نے اعلان کیا ہے کہ البردہ انٹرنیشنل فیسٹیول نئی شناخت اور نئے وژن کے ساتھ دوبارہ شروع ہونے والا ہے۔ تقریب، جو 14 نومبر کو ہوگی، اسلامی تہذیب کی ایک بین الاقوامی نمائش بننے کے لیے تیار ہے، جو ثقافت، موسیقی، فن، اسلامی طرز تعمیر اور جدت طراز اسلامی معیشت کے حوالے سے اس کے تاثرات نمایاں کر رہی ہے۔ البردہ انٹرنیشنل فیسٹیول نے تین مراکز پر نظر رکھی ہے: ثقافتی شعور و ثقافتی معلومات کو فروغ دینا اور عالمی موجودگی کو قائم کرنا۔

عزت مآب نورہ بن محمد الکعبی وزیر ثقافت و ترقئ علوم نے اسلامی فن اور اس کی جمالیات کے بارے میں شعور اجاگر کرنے کے لیے دنیا بھر سے خطاطوں، ڈیزائنرز، مصوروں اور ہم عصر شعراء کی توجہ مبذول کروانے میں البردہ انٹرنیشنل فیسٹیول کی اہمیت پر زور دیا۔ انہوں نے تبصرہ کیا کہ “البردہ انٹرنیشنل فیسٹیول متاثر کن ترین اذہان کو یکجا کرے گا تاکہ خیالات اور وژنز کو مجتمع کرکے فنون اسلامیہ کے مستقبل کو تخلیق کرنے میں مدد دیں۔ یہ جدت طرازی کی سرحدوں کو بھی ایسے توسیع دے گا جو نسلوں میں اسلامی تہذیب کی عظمت، انسانیت اور تخلیق کو بحال اور نمایاں کرنے کے لیے محرّک کے طور پر کام کرکے ماضی اور حال کے امتزاج سے اسلامی فنون کی روح اور حیات کو بحال کرے گا۔ فیسٹیول میں مصوروں کے درمیان رابطہ کاری کو بہتر بنانے اور اسلامی فنون کے شعبے میں تحقیق و پیشرفت کی حوصلہ افزائی کرنے کے لیے پینل ڈسکشنز اور مختلف نمائشیں اور اجلاس شامل ہوں گے۔

البردہ انٹرنیشنل فیسٹیول قدیم اسلامی تہذیب سے منسوب فنون کے بے مثال اور جدید نمونے پیش کرکے اسلامی فنون کی دنیا میں دریافت کا ایک سفر ہے اور یہ مصوروں، خطاطوں، کاریگروں اور آرائش کے ماہرین کے شاہکاروں کو نمائشی مقامات اور ورکشاپس میں عوام کے سامنے پیش کرنے کا موقع دے گا۔ فیسٹیول مشرق وسطیٰ اور دنیا بھر کی تخلیقی اشرافیہ، ثقافتی و اسلامی فنون کے دلدادہ افراد کو اسلامی فنون میں ہونے والی جدید پیشرفتوں سے ملنے اور تبادلۂ خیال کرنے کا موقع دے گا۔

البردہ انٹرنیشنل فیسٹیول دنیا بھر سے نوجوانوں کی آمد کی توقع رکھتا ہے، تاکہ اسلامی فنون کو رونق بخشی جائے اور عرب، اسلامی و عالمی برادریوں میں نئے شاہکار تخلیق کرنے کا ایک موقع ملے۔ یہ اسلامی فنون کی اہمیت کے بارے میں شعور بھی اجاگر کرے گا اور دنیا  بھر کے ممالک کے ساتھ تعاون کو مستحکم کرنے میں اس کے معنی، اقدار اور مثبت کردار کو نمایاں کرے گا۔

ذریعہ: البردہ انٹرنیشنل فیسٹیول

Board of directors meeting of DesconOxychem Limited

Karachi, DesconOxychem Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 15, 2018 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 07, 2018 to August 15, 2018.

DesconOxychem Limited is a company incorporated in Pakistan as a private limited company on November 12, 2004. The company was converted into a public limited company with effect from February 28, 2008. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in manufacturing, procurement and sale of hydrogen peroxide and allied products. The company commenced its trial production on December 1, 2008 and commercial production on March 1, 2009. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office and the manufacturing facility of the company is situated at Lahore.

The symbol “DOL” is being used by the stock exchange for the shares of DesconOxychem Limited.

Board of directors meeting of Allied Rental Modaraba

Karachi, Allied Rental Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 29, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 23, 2018 to August 29, 2018.

Allied Rental Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under and is managed by the Allied Engineering Management Company Private Limited (the ‘Modaraba Management Company’). It is a wholly owned subsidiary of Allied Engineering and Services Private Limited. The company is incorporated in Pakistan and the foundations of the company are laid under the Companies Ordinance, 1984. The Modaraba commenced its operations on January 10, 2007. The primary business of Allied Rental Modaraba is to engage in the Rental business by managing the rental fleet of equipments comprising Power Generation Equipment, Material Handling Equipments and Construction related machinery. Modaraba provides rental services across Pakistan through the facilities of its sponsors located in Karachi , Lahore , Islamabad , Multan , Faisalabad , Peshawar and Quetta .It is registered with the Registrar of Modaraba Companies and Modarabas under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980.

The Securities and Exchange Commission of Pakistan on May 10, 2006, authorised Allied Engineering Management Company Private Limited to float Allied Rental Modaraba. It is a perpetual modaraba and is engaged in rental, Ijarah (leasing under operating and finance lease arrangements) and operation and maintenance of Caterpillar and other equipment i.e. generators, forklifts, compactors etc. The registered office of the modaraba is located at Karachi. The stocks of the modaraba are quoted on the Karachi Stock Exchange.

Another ancillary business line of the Modaraba is to provide outsourcing solution to the customers for operating and maintaining their Power plants by providing the required skilled manpower for 24/7 operation with professionalism.

The symbol “ARM” is being used by the stock exchanges for the shares of Allied Rental Modaraba.

Board of directors meeting of Samba Bank Limited

Karachi, Samba Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 15, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 08, 2018 to August 15, 2018.

Samba Bank Limited is a banking company incorporated in Pakistan. It is engaged in the business of commercial banking and other related services. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia, which holds 80.68% shares of the Bank as at December 31, 2012. The registered office of the company is located in Karachi. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The businesses of the bank include providing corporate banking, investment banking, treasury and transactional services to its customers.

The symbol “SBL” is being used by the stock exchanges for the shares of Samba Bank Limited.

Board of directors meeting of Agriauto Industries Limited

Karachi, Agriauto Industries Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 17, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 03, 2018 to August 17, 2018.

Agriauto Industries Limited is a company incorporated in Pakistan on June 25, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of components for automotive vehicles, motor cycles and agricultural tractors. The stocks of the company are listed on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located at Karachi.

Quality control is maintained at all stages of manufacturing. The company follows international standards i.e. B.S.S., S.A.E, ASTM, JIS, ISO & TS-16949, as the basis of quality control program. Agriauto is a part of the prestigious House of Habib Group.

The symbol “AGIL” is being used by the stock exchanges for the shares of Agriauto Industries Limited.