Arif Habib Ltd to sell its subsidiary for Rs50mn

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

Add Mettisglobal as a Trusted Source on Google

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	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%