PIA privatization update: Arif Habib among shortlisted bidders

MG News | June 04, 2024 at 01:26 PM GMT+05:00

0:00

June 04, 2024 (MLN): Arif Habib Corporation Limited (PSX: AHCL) has been pre-qualified to participate in the bidding process for Pakistan International Airlines (PIA), the company's filing on PSX revealed this development today.

AHCL referenced a press release by the Privatization Commission (PC) yesterday, highlighting that five other companies/consortia have also been selected as pre-qualified bidders.

As mentioned in the company's previous disclosure, pre-qualified bidders who opt to advance further in the process will now commence the due diligence process before making final bids.

AHCL's further participation in this process will depend on the outcomes of the due diligence and the subsequent guidance from our Board of Directors regarding the future course of action.

"We would like to reiterate that AHCL operates as an investment holding company, with a primary focus on strategic investments in subsidiary companies and associates across various sectors," the company said.

Moreover, evaluating investment proposals, such as this, is a routine aspect of its business operations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%