Board of directors meeting of Saudi Pak Leasing Company Limited (Updated on 14-10-2019).

Karachi: Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 21, 2019 at Karachi. The agenda of the meeting will to consider the Quarter Accounts for the period ended September 30, 2019.

Further, the company has declared the closed period from October 15, 2019 to October 21, 2019.

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...

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