December 09, 2020 (MLN): The Shareholders of Al Shaheer Corporation Limited in extraordinary general meeting held today has resolved that the authorized share capital of the company be and is hereby increased from Rs. 2,000,000,000 (Rupees Two Thousand Million Only) divided into 200,000,000 (Two Hundred Million Only) ordinary shares at Rs. 10 (Rupees Ten) each to Rs. 3,000,000,000 (Rupees Three Billion Only) divided into 300,000,000 (Three Hundred Million Only) ordinary shares of Rs. 10 (Rupees Ten) each.
These shares shall rank pari passu with the existing shares in all matters, including right to dividend, bonus or right issue.
Company’s shareholders further resolved that the Chief Executive Officer and the Chief Financial Officer and the Company Secretary of the Company be and is hereby singly authorized to do all acts, deeds and things, take any or all necessary actions to complete all legal formalities and file all necessary documents as may be necessary or incidental for the purpose of implementing the aforesaid resolution, as well as carry out any other act or steps which may be ancillary and / or incidental to do the above and necessary to fully achieve the object of the aforesaid resolution.
