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Construction and infrastructure solution provider showed intention to acquire Saudi Pak Leasing Company: PSX

admin-augaf by admin-augaf
March 9, 2022
in Business, Finance
Reading Time: 1 min read
0
SECP cancelled license of Saudi Pak Leasing Company

SECP cancelled license of Saudi Pak Leasing Company

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Islamabad March 9 2022: Ansari Brothers made Public  Announcement  of  Intention  to  acquire 15,835,403  ordinary  shares representing  35.06 percent  of  the  total  ordinary  shares,  and  33,320,840  unencumbered  and  fully  paid-up  preference shares representing  63.08 percent  of  the  total  non-voting,  non-cumulative,  convertible,  unlisted,  redeemable  preference  shares &  control  of  Saudi  Pak  Leasing  Company  Limited.

Ansari  Brothers  (Pvt.)  Limited

A  private  limited  company,  incorporated  in  Pakistan,  involved  in  the  business  of  providing  turn  key solutions  for  the  construction  and  infrastructure  industry.  Some  of  the  key  solutions  offered  include construction,   infrastructure  development,  architectural  solutions,  civil  engineering  services  and general  consultation.

Saqib  Ahmed  Ansari

A  local  businessman  involved  in  the  business  of  modern  architectural  construction  and  development. He  is  the  director  and  part  owner  of  Ansari  Brothers  (Pvt.)  Limited  and  has  experience  in  construction of  multi-rise  buildings,  high  rise  plazas,  town  planning  and  development.  He  is  also  associated  with AKS  Foundation  and  INSPAD  in  Belgium.

Saudi Pak Leasing Company Limited

Saudi Pak Leasing Company Limited was incorporated in Pakistan on 08 January 1991 under the repealed Companies Ordinance, 1984. The main business activity of the Company is leasing of assets.

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