Financial results of Rafhan Maize Products Company Limited for period ended March 31, 2016

Karachi, Rafhan Maize Products Company Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Faisalabad on April 18, 2016.

The agenda of the meeting was discussion of profit and loss accounts for quarter ended March 31, 2016 which portrayed a profit of Rs. 964,761 and earnings per share 104.45 basic and diluted.

Further, an interim cash dividend for quarter ended March 2016 at Rs. 50 per share i.e. 500%, nil bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 11, 2016 to May 18, 2016 (both days inclusive).

Rafhan Maize Products Company Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. Ingredion Incorporated (Formerly Corn Products International, Inc.) Chicago, U.S.A., holds the majority shares of the company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “FDIBL” is being used by the stock exchange for the shares of First Dawood Investment Bank Limited.