Saif Power Board approves sale of subsidiary’s Freeland a

News Image

MG News | June 02, 2021 at 12:18 PM GMT+05:00

0:00

June 02, 2021 (MLN): The Board of Directors of Saif Power Limited (SPWL), in its urgent meeting held on May 31, 2021, has approved the proposal to sell Saif Cement Limited (SCL)’s Freehold Land, located at Pahapur, KP Province along with other assets at a price of Rs1.3 billion.

To note, Saif Cement Limited (SCL) is a subsidiary unlisted company of SPWL.

According to the notice issued to Exchange, the proposal of SCL is subject to the approval by the shareholders of SCL, in terms of the Companies Act, 2017 and as per the notification of the Securities and Exchange Commission of Pakistan. It is also subject to approval by the shareholders of SPWL in its Extraordinary General Meeting.

The sale transaction will be completed, upon successful completion of condition(s) envisaged in the proposed sale and purchase agreement between SCL and the party (Buyer).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,620.00 119,440.00
118,220.00
325.00
0.27%
BRENT CRUDE 72.69 73.17
71.75
0.18
0.25%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.43 69.79
68.45
0.22
0.32%
SUGAR #11 WORLD 16.40 16.58
16.37
-0.19
-1.15%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg