Karachi: Further to our letters on the above subject Dated March 9, 2010, September 2, 2010, December 31, 2010, January 20, 2011, February 14, 2011 and April 14, 2011 in connection with proposed merger of Arif Habib Investments Limited (AHI), (AHI-AMC) and MCB Asset Management Company Limited (MCB-AMC), this is to inform you that the Securities and Exchange Commission of Pakistan has sanctioned the scheme of amalgamation by approving the said merger in terms of Section 282L(4) of the Companies Ordinance., 1984 vide its letter dated June 10, 2011 subject to all regulatory compliances. Effective date of the proposed merger will be June 27, 2011.
This is submitted in accordance with requirement of the Listing Regulations.
For more information, contact:
Executive Vice President-1,
Director Finance, Chief Financial Officer,
and Company Secretary
Arif Habib Investments Limited
Arif Habib Centre, 23 M.T. Khan Road,
Tel: +9221 111 468 378
Fax: +9221 32470351