Al Shaheer increases authorized capital to Rs4bn

Nilam Bano | November 28, 2022 at 11:16 AM GMT+05:00

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November 28, 2022 (MLN): The shareholders of Al Shaheer Corporation Limited (PSX: ASC) have resolved to increase the authorized capital of the company from Rs3 billion to Rs4bn by the creation of 400 million shares at the rate of Rs10 each, the company's filing on the bourse showed on Monday.

The new shares will rank pari passu in all respects with the existing ordinary shares in the capital of the company.

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