Arif Habib Ltd to sell its subsidiary for Rs50mn

MG News | March 10, 2022 at 11:47 AM GMT+05:00

0:00

March 10, 2022 (MLN): The Board of Directors of Arif Habib Limited (AHL) has resolved to disinvest or sell AHL’s shareholding in Arif Habib 1857 (Pvt) Limited, for total consideration of Rs50 million, i.e., Rs10 per share, a notice issued to bourse showed today.

Arif Habib 1857 (Pvt) Limited is a wholly owned subsidiary of AHL. The aforesaid resolution is subject to obtaining necessary corporate and regular approvals.

As on December 31, 2022, AHL was carrying the subject investment at Rs43.56 million and the net assets of Arif Habib 1857 (Private) Limited were Rs48.63 million, the notice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	136,379.97 273.10M	0.32% 440.10
ALLSHR	84,648.35 701.94M	0.06% 47.97
KSE30	41,546.23 70.12M	0.42% 172.55
KMI30	191,719.76 71.30M	0.34% 649.79
KMIALLSHR	55,827.74 371.98M	0.16% 89.67
BKTi	37,827.61 18.93M	-1.72% -662.14
OGTi	27,670.67 7.41M	-0.42% -117.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,940.00	119,915.00 118,745.00	-690.00 -0.58%
BRENT CRUDE	68.71	69.09 67.71	0.00 0.00%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	1.80 1.90%
ROTTERDAM COAL MONTHLY	104.50	0.00 0.00	-1.05 -0.99%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.70	66.70 66.58	0.32 0.48%
SUGAR #11 WORLD	16.55	16.67 16.40	-0.01 -0.06%