Matco Foods to further invest upto PKR 50 million in Barentz Pakistan

By MG News | October 26, 2020 at 03:22 PM GMT+05:00

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October 26, 2020 (MLN): Matco Foods Limited, in its Annual General Meeting held on October 24, 2020, was granted approval to further invest up to Rs. 50 million in Barentz Pakistan (Private) Limited, an associated company in order to meet its working capital requirements and operational expenses at the rate of KIBOR + 2%.

The Board of Directors also approved a final cash dividend of Rs. 0.45 per share i.e. 4.5% on the ordinary shares for the year ended June 30, 2020.

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