Saudi Pak Industrial & Agriculture Investment Company: Rs 1,402 million pre-tax profit recorded
The 33rd Annual General Meeting (AGM) of Saudi Pak Industrial and Agriculture Investment Company Ltd was held in Islamabad under the Chairmanship of Mohammed W Al-Harby here on Tuesday. While discussing the affairs of the company, Kamaluddin Khan, Chief Executive stated that the company has achieved a complete turnaround in its operations and has posted a record pre tax profit of Rs 1,402 million.
Copyright Business Recorder, 2015
The shareholders appreciated the efforts of the management and adopted the unconsolidated as well as consolidated financial statements of Saudi Pak and its subsidiaries for the year ended December 31, 2014 and further approved issuance of 60 million shares of Rs 10 each to be applied as fully paid bonus shares in the ratio of 10 shares for every 100 shares.-PR