Board Meeting in Progress of Saudi Pak Leasing Company Limited.

Karachi -- Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on September 21, 2019 at Karachi to consider Quarterly Accounts for the period ended September 30, 2019 is in progress.

The announcement is available at:

https://dps.psx.com.pk/download/image/137273-1.gif

Saudi Pak Leasing Company Limited was incorporated in January 1991. In October 1997, Saudi Pak Industrial & Agricultural Investment Company acquired the entire 30% shareholding of Standard Chartered Bank. SAPICO is the second largest of the three investment companies set up by the Government of Pakistan as joint venture with other sovereigns. The Saudi Arabian government holds 50% equity stake in SAPICO with the other 50% held by Pakistan. The Company has a seven member board of which three, including the CEO, represent SAPICO, two, the Piracha Group, and one each, the Premier Mercantile Services and NIT. SPLC is one of the largest leasing companies in Pakistan in terms of asset size. The registered office of the company is located in Karachi. The company is...