Karachi: Saif Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on March 28, 2016.
The agenda of the meeting was discussion of profit and loss account for the year ended Dec 31, 2016 which portrayed a profit of Rs. 2,062,615,152 and earnings per share 5.34 basic and diluted.
Further, cash dividend @ Rs. 0.075 per share i.e. 7.5%, nil bonus shares and right shares was agreed.
The annual general meeting of the company is scheduled to be held on April 29, 2016 at the registered office of the company in Islamabad.
Further, the share transfer books of the company will remain closed from April 23, 2016 to April 29, 2016 (both days inclusive).