SPLC asks extension of further 60 days for proposed delisting

MG News | March 24, 2023 at 11:51 AM GMT+05:00

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March 24, 2023 (MLN): Saudi Pak Leasing Company Limited (SPLC) has requested the Pakistan Stock Exchange (PSX) for the proposed delisting due to non-compliances with PSX regulations, the company's filing on the bourse showed today.

"In this connection, it is submitted that the matter is still under consideration by the Supervision Department of the SECP, Islamabad", the notice added.

However, based on the verbal understanding given by the company’s major shareholder i.e. SAPICO, whose stake in SPLC is being processed for divestment at the SECP.

"We hope that the initial process of divestment will be completed soon," the notice read.

SPLC is a leading leasing company in Pakistan, offering a range of financial services including leasing, financing, and investment services to its clients.

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