SGF board recommends Rs4.5bn investment renewal in Service Industries

MG News | February 21, 2024 at 03:11 PM GMT+05:00

0:00

February 21, 2024 (MLN): The Board of Directors (BoD) of Service GlobalFootwear Limited (PSX: SGF) has recommended the renewal of investment of up to Rs4.5 Billion in the form of a working capital loan to Service Industries Limited.

This information was disclosed by the company in its financial results reported to the local bourse today.

It is pertinent to note that Service Industries is a holding/associated company, and this investment is for a further period of one year until June 30, 2025, with all other terms and conditions of the investment remaining unchanged.

SGF is involved in the manufacturing, sale, marketing, import and export of footwear, leather and allied products.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,655.00	118,295.00 116,115.00	1830.00 1.58%
BRENT CRUDE	68.00	68.36 67.34	0.05 0.07%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.71	64.13 63.11	0.01 0.02%
SUGAR #11 WORLD	16.05	16.27 16.04	-0.22 -1.35%