Tag Archives: Board Meetings

Board of directors meeting of Nestle Pakistan Limited

Karachi, Nestle Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 23, 2018 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 16, 2018 to October 23, 2018.

Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore.

The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary.

The symbol “NESTLE” is being used by the stock exchange for the shares of Nestle Pakistan Limited.

Board of directors meeting of Security Leasing Corporation Limited

Karachi, Security Leasing Corporation Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 22, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 15, 2018 to October 22, 2018.

Security Leasing Corporation Limited is a company incorporated in Pakistan on December 6, 1993. The foundations of the company are laid uner the Companies Ordinance, 1984. The commercial operations of the company commenced on May 21, 1995 after receiving the license to carry on leasing business and the Certificate to Commence Business. The principle activity of the company is providing leasing to both individual and corporate entities for timely repayments, good profitablity and strong cashflows from their operations. The stocks of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The symbol “SLCL” is being used by the stock exchanges for the shares of Security Leasing Corporation Limited.

Board of directors meeting of Nishat Power Limited

Karachi, Nishat Power Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 22, 2018 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 15, 2018 to October 22, 2018.

Nishat Power Limited is a public limited company incorporated in Pakistan in February 2007 under the Companies Ordinance, 1984. It is a subsidiary company of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW ISO in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Lahore.

The company has a Power Purchase Agreement with its sole customer, National Transmission and Dispatch Company Limited for twenty five years which commenced from June 09, 2010.

The symbol “NPL” is being used by the stock exchanges for the shares of Nishat Power Limited.

Board of directors meeting of Dolmen City Reit

Karachi, Dolmen City Reit informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 19, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 12, 2018 to October 19, 2018.

City REIT is Pakistan’s first REIT scheme. It is a closed-ended, Listed Shariah compliant Rental REIT which offers investors to become Unit holders of two component of the Dolmen City project, Dolmen Mall Clifton and The Harbor Front. The properties will generate rental income that will be distributed by the REIT Scheme among unit holders in the shape of dividends. Any possible appreciation in the value of the property will be an added benefit. Dolmen Mall Clifton has a total built-up area of approximately 1 million square feet spread over three levels. Anchored by Hyperstar and Debenhams, Dolmen Mall Clifton has a strong mix of local and international brands including Mango, Next, Nike, Nine West, Timberland and Charles & Keith.

The building is currently 100% occupied with the current tenant portfolio comprising of companies including Engro, Phillip Morris Mitsubishi and Procter & Gamble, among others.

The symbol “DCR” is being used by the stock exchange for the shares of Dolmen City Reit.

Board of directors meeting of National Bank of Pakistan

Karachi, National Bank of Pakistan informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 23, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 15, 2018 to October 23, 2018.

National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan.

The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold.

The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore.

Board of directors meeting of Towellers Limited

Karachi, Towellers Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 25, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018.

Further, the company has declared the closed period from October 18, 2018 to October 25, 2018.

Towellers Limited is a company for design, manufacturing and production of premium lifestyle products in five environments, bedroom, living room, kitchen and bathroom and institutional. The link with clothing is certain and not just because of the company’s vocation, but also because of the innovative decision to transfer techniques, skills, materials, colors and ideas from households to clothing.

The Symbol “TOWL” is being used by the stock exchange for Towellers Limited.