JS Globals’s major foreign shareholder, GIH merges with its holding company KAMCO

MG News | December 27, 2019 at 10:51 AM GMT+05:00

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December 27, 2019 (MLN): JS Global Capital Limited via notification to Pakistan Stock Exchange (PSX) has notified that its major foreign shareholder, namely Global Investment House of Kuwait (GIH) has merged via amalgamation with its holding company, Kamco Investment Company.

GIH holds 3,108,551 shares i.e. 10.17% stake in JS Global Capital Limited. The Capital Markets Authority of State of Kuwait has granted its approval for the merge scheme and amalgamation.

The company further informed that it has initiated the process of changing the name of GIH to KAMCO Investment Company (K.S.C.P).

Moreover, the authorized dealers GIH (now KAMCO Investment company) has also initiated the process to apply SBP, CDC and other pertinent authorities to register change of name in their records.

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