Pak Brunei Investment Company commences the acquisition of KASBM’s Modaraba Certificates

MG News | February 11, 2021 at 12:25 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 11, 2021 (MLN): Pak Brunei Investment Company Limited, the holding company of Awwal Modaraba Management Limited (AMML), has commenced the acquisition of KASBM’s Modaraba Certificates to comply with the directions of the Securities and Exchange Commission of Pakistan (SECP)

To recall, SECP had transferred the management rights of KASB Modaraba (KASBM) to AMML through competitive bidding on January 31, 2020. One of the conditions for the transfer of management rights of KASBM to AMML is that AMML shall hold and/or acquire a minimum statutory holding of ten percent (10%) of the issued certificate capital of KASBM.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,395.00	65,700.00 64,965.00	220.00 0.34%
BRENT CRUDE	84.56	84.97 83.55	1.01 1.21%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-0.90 -0.85%
ROTTERDAM COAL MONTHLY	116.25	0.00 0.00	-0.50 -0.43%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	78.92	79.43 78.18	0.74 0.95%
SUGAR #11 WORLD	16.49	0.00 0.00	0.04 0.24%