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

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

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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.

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