Saif Holdings approves 46mn shares as dividend to shareholders

MG News | May 13, 2022 at 12:32 PM GMT+05:00

0:00

May 13, 2022 (MLN): The shareholders of Saif Holdings Limited (SHL), an associated company of Saif Power Limited (SPWL) have approved the distribution of 46,111,748 numbers of ordinary shares as dividend in kind to SHL shareholders which are 11.93% of SPWL paid-up capital, the notice to PSX on Friday showed.

After the transfer of the above shares of SPWL by SHL to its shareholders, SHL's shareholding in SPWL will decrease to 23.01%.

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