17Th Annual Excellence Awards

Total Page：16

File Type：pdf, Size：1020Kb

` Pakistan RESULTS 17TH ANNUAL EXCELLENCE AWARDS AWARDAWARD NAME NAME RECIPIENTWINNER STANDING Best Microfinance Bank of the Year 2019 Khushhali Microfinance Bank Limited Winner Best Microfinance Bank of the Year 2019 The First MicroFinance Bank Limited Runner-up Best Bank of the Year 2019 - Mid Size Banks Standard Chartered Bank (Pakistan) Winner Limited Best Bank of the Year 2019 - Mid Size Banks Dubai Islamic Bank Pakistan Limited Runner-up Best Bank of the Year 2019 - Large Size Banks Meezan Bank Limited Winner Best Bank of the Year 2019 - Large Size Banks Allied Bank Limited Runner-up Best Islamic Bank of the Year 2019 Meezan Bank Limited Winner Best Islamic Bank of the Year 2019 Dubai Islamic Bank Pakistan Limited Runner-up Best Microfinance Bank (Digital) of the Year 2019 Mobilink Microfinance Bank Limited Winner Best Corporate Finance House of the Year 2019 (Equity - Arif Habib Limited Winner NBFC) Best Corporate Finance House of the Year 2019 (Equity - Topline Securities (Private) Limited Runner-up NBFC) Best Corporate Finance House of the Year 2019 (Fixed In- Meezan Bank Limited Winner come) Best Corporate Finance House of the Year 2019 (Fixed In- Habib Bank Limited Runner-up come) National Bank Limited Best Transaction of the Year 2019 Arif Habib Limited Winner Best Investor Relations FY2020 - Listed Companies Bank Alfalah Limited Winner Best Investor Relations FY2020 - Listed Companies Engro Corporation Limited Runner-up Best Economic Research House of the Year FY2020 Topline Securities (Private) Limited Winner Best Equity Trader of the Year FY2020 Furqan Punjani Winner Alfalah CLSA Securities (Pvt.) Ltd. Best Equity Trader of the Year FY2020 Muhammad Rameez Runner-up Foundation Securities (Private) Limited ` Pakistan RESULTS 17TH ANNUAL EXCELLENCE AWARDS AWARDAWARD NAMENAME RECIPIENTWINNER STANDING Best Equity Analyst of the Year FY2020 Tahir Abbas Winner Arif Habib Limited Best Equity Analyst of the Year FY2020 Muhammad Saad Ali, CFA Runner-up Intermarket Securities Limited Best Equity Brokerage House of the Year FY2020 Topline Securities (Private) Limited Winner Best Equity Brokerage House of the Year FY2020 Arif Habib Limited Runner-up Best Equity Research Report of the Year FY2020 EFG Hermes Pakistan Limited Winner Best Equity Research Report of the Year FY2020 Ismail Iqbal Securities (Private) Limited Runner-up Recognizing Gender Diversity at Workplace Award 2020 - Unilever Pakistan Limited Winner MNCs Recognizing Gender Diversity at Workplace Award 2020 - Standard Chartered Bank (Pakistan) Winner Financial Institutions Limited Recognizing Gender Diversity at Workplace Award 2020 - The Hub Power Company Limited Winner Local Corporates Recognizing Gender Diversity at Workplace Award 2020 - Pak Brunei Investment Company Limited Winner Special Recognition Best Investment Idea Award FY2020 Syed Hussain Haider, CFA Winner #letsmeasureup.

Copy Link

Recommended publications

Annual Report 2016 3 OUR BUSINESSES
MAKING FOOD & ENERGY AVAILABLE, AFFORDABLE, SUSTAINABLE Dawood Hercules is a partner in Pakistan’s growth and prosperity, and this ethos serves as the foundation of our business operations. Energy, agriculture and food sectors are the strongest drivers of Pakistan’s economic growth, and are therefore the core areas of investment for our group. We are a holding company founded on family values. This allows us to deploy capital and invest in people and partnerships over a long period of time to solve two of the most pressing issues the world is facing today: making food and energy available, affordable and sustainable. CONTENTS 03 Vision 03 Purpose 08 Business ethics and core values 12 Performance highlights 16 Company information 20 Board of Directors 27 Committees 30 Operating Highlights 30 Six years at a glance 32 Horizontal analysis (Balance sheet) 34 Vertical analysis (Balance sheet) 36 Horizontal analysis (Profit & loss) 36 Vertical analysis (Profit & loss) 38 Statement of value addition 42 Notice of annual general meeting 60 Directors training programme 56 Directors’ Report 60 Related party transactions 56 Economic scenario 60 Future outlook 57 Business overview 61 Acknowledgment 58 Financial performance 66 Review report on statement of compliance 58 Earnings per share 67 Statement of compliance 58 Auditors 72 Financial Statements 58 Shares traded 73 Auditor’s report to the members 59 Pattern of shareholding 74 Financial statements 59 Market capitalization & book value 79 Notes to the financial statements 59 Appropriation 109 Consolidated
[Show full text]
February 29, 2012
Valuation of Debt Securities by MUFAP as per SECP Circular 01 of 2009 dated Jan 6, 2009 Rates of Debt Securities as of February 29, 2012 VALUATION OF RATED INVESTMENT GRADE DEBT SECURITIES S.No. Code TFCs and Sukuks Traded / Non-Traded Price GOVERNMENT GUARANTEED / AAA 1 KSEW/SUK/021107 KARACHI SHIPYARD & ENGINEERING WORKS LTD-SUKUK (02-11-07) Non-Traded 100.4148 2 KSEW/SUK/040208 KARACHI SHIPYARD & ENGINEERING WORKS LTD-SUKUK (04-02-08) Non-Traded 100.3966 3 NIPC/SUK/110807 NATIONAL INDUSTRIAL PARK DEVEL. & MANAGEMENT Co. SUKUK (11-08-07) Non-Traded 101.7270 4 SCB/TFC/010206 SCB (PAK) LTD-TFC (01-02-06) Traded 102.0816 5 WAPDA/SUK/050106 WAPDA-SUKUK (05-01-06) Non-Traded 100.3857 6 WAPDA/SUK/130707 WAPDA-SUKUK (13-07-07) Non-Traded 96.5078 RATED AA+ 7 OLPL/TFC/250507 ORIX LEASING PAKISTAN LTD-TFC (25-05-07) - Amortization Non-Traded 97.9452 8 OLPL/TFC/150108 ORIX LEASING PAKISTAN LTD-TFC (15-01-08) Non-Traded 100.6494 9 OLPL/TFC/300611 ORIX LEASING PAKISTAN LTD-TFC (30-06-11) **** Non-Traded 100.4999 RATED AA 10 BAHL/TFC/150704 BANK AL-HABIB LTD-TFC (15-07-04) 10% cap - Amortization Non-Traded 92.3230 11 BAHL/TFC/070207 BANK AL-HABIB LTD-TFC (07-02-07)**** Non-Traded 102.4668 12 BAHL/TFC/150609 BANK AL-HABIB LTD-TFC (15-06-09)**** Non-Traded 107.6500 13 BAHL/TFC/300611 BANK AL-HABIB LTD-TFC (30-06-11) Traded 106.0938 14 ENGROC/TFC/010211 ENGRO CORPORATION LTD-TFC (01-02-11) **** Non-Traded 100.9434 15 ENGROC/TFC/160911 ENGRO CORPORATION LTD-TFC (16-09-11) Non-Traded 102.9198 16 ENGRO/TFC/301107 ENGRO FERTILIZER LTD-TFC (30-11-07) ****
[Show full text]
OICCI CSR Report 2018-2019
COMBINING THE POWER OF SOCIAL RESPONSIBILITY Corporate Social Responsibility Report 2018-19 03 Foreword CONTENTS 05 OICCI Members’ CSR Impact 06 CSR Footprint – Members’ Participation In Focus Areas 07 CSR Footprint – Geographic Spread of CSR Activities 90 Snapshot of Participants’ CSR Activities 96 Social Sector Partners DISCLAIMER The report has been prepared by the Overseas Investors Chamber of Commerce and Industry (OICCI) based on data/information provided by participating companies. The OICCI is not liable for incorrect representation, if any, relating to a company or its activities. 02 | OICCI FOREWORD The landscape of CSR initiatives and activities is actively supported health and nutrition related initiatives We are pleased to present improving rapidly as the corporate sector in Pakistan has through donations to reputable hospitals, medical care been widely adopting the CSR and Sustainability camps and health awareness campaigns. Infrastructure OICCI members practices and making them permanent feature of the Development was also one of the growing areas of consolidated 2018-19 businesses. The social areas such as education, human interest for 65% of the members who assisted communi- capital development, healthcare, nutrition, environment ties in the vicinity of their respective major operating Corporate Social and infrastructure development are the main focus of the facilities. businesses to reach out to the underprivileged sections of Responsibility (CSR) the population. The readers will be pleased to note that 79% of our member companies also promoted the “OICCI Women” Report, highlighting the We, at OICCI, are privileged to have about 200 leading initiative towards increasing level of Women Empower- foreign investors among our membership who besides ment/Gender Equality.
[Show full text]
Engro Polymer & Chemcials Limited Prospectus for Issuance Of
ADVICE FOR INVESTORS INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THIS PROSPECTUS, ESPECIALLY THE RISK FACTORS GIVEN AT SECTION 5 BEFORE MAKING ANY INVESTMENT DECISION. SUBMISSION OF FALSE AND FICTITOUS APPLICATIONS IS PROHIBITED AND SUCH APPLICATIONS’ MONEY MAY BE FORFEITED UNDER SECTION 87(8) OF THE SECURITIES ACT, 2015. Investment in equity securities involves a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision. For taking an investment decision, investors must rely on the examination of the issuer and the offer including the risks involved as disclosed in Section 5 of this prospectus ENGRO POLYMER & CHEMCIALS LIMITED PROSPECTUS FOR ISSUANCE OF PREFERENCE SHARES Date and place of Incorporation: Karachi, October 20, 1997 | Incorporation number: K-07013 | Registered office: 12th Floor, Ocean Tower, G-3, Scheme No. 5, Block 9, Clifton, Karachi |Website: https://www.engropolymer.com/ | Contact Number: +92 21 111-411-411 & +92 21 35166853 | Contact person: Syed Faraz Abbas Jaffri; E-mail: [email protected] | Contact person: Muhammad Bilal Ahmed; E-mail: [email protected] Issue Size: This Issue consists of 300,000,000 Preference Shares of face value of PKR 10/- each out of which 262,500,000 Preference Shares of face value of PKR 10/- each (87.5%) have been offered to and subscribed by Pre-IPO investors and 37,500,000 Preference Shares of face value of PKR 10/- each are being offered to the General Public at an Issue Price of PKR 10.00/- per share.
[Show full text]
Engro Polymer & Chemicals Limited Sustainability Report 2010
Engro Polymer & Chemicals Limited Scope Engro Polymer & Chemicals Ltd. (EPCL) is pleased to announce its social, environmental and economic performance based on Global Reporting Initiative (GRI) for the year 2010. This report presents an overview of EPCL’s triple bottom line philosophy – namely People, Planet, Profit – and aims to share its performance with its key stakeholders, highlighting the broad spectrum of its values contained in the three P’s (People, Planet & Profit). The report is externally assured and has been self declared for the GRI Application level A+, referred to as the most prevalent standard for sustainability reporting. We would like to acknowledge the contributions of our valued team members and colleagues during the development of this sustainability report. Contact: Corporate Communications Department First Floor, Bahria Complex-I 24 M.T. Khan Road Karachi – 74000 For feedback on Sustainability Report 2010: [email protected] This report is also available on our website. www.engropolymer.com Sustainability Report 2010 I 1 Scope 01 Mission & Core Values 04 Sustainability Strategy and Focus 05 CEO’s Message 06 Introduction 07 Plant Input and Output 08 People Board of Directors 09 Principal Operation Committees 10 Human Excellence 15 Governance 11 Occupational Health & Safety 16 Accreditation & Credibility 12 Labor Practices & Decent Work 18 Performance Indicators Assurance Report by URS 50 Human Rights Performance Indicators 22 Corporate Social Responsibility 25 UN Global Compact - Ten Principles 27 Society Performance Indicators 28 Planet Environmental Projects 33 Operational Environment 35 Environment Foot Prints 36 Environmental Performance Indicators 39 Profit Economic Performance 45 Product Safety Performance Indicators 46 Economic Performance Indicators 48 Engro Polymer & Chemicals Limited P We See 7LVWSL0 7SHUL[0 7YVMP[ “Our mission is to achieve innovative growth which creates value for our stakeholders, customers and employees.
[Show full text]
Tackling Childcare Pakistan: Creating Family-Friendly Workplaces / Insights from IFC-PBC Peer Learning Collaboration
Tackling Childcare Pakistan: Creating Family-Friendly Workplaces Insights from an IFC-PBC Peer-Learning Collaboration IN PARTNERSHIP WITH About IFC IFC – a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. About PBC The Pakistan Business Council is the country’s premier research-based business advocacy body that promotes policies to sustainably foster growth of jobs, exports and import substitution. Its Centre of Excellence in Responsible business works towards lifting the capacity of business to act responsibly. For more information, visit www.pbc.org.pk. Disclaimer © International Finance Corporation 2021. All rights reserved. 2121 Pennsylvania Avenue, N.W. Washington, D.C. 20433 Internet: www.ifc.org The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly, and when the reproduction is for educational and non-commercial purposes, without a fee, subject to such attributions and notices as we may reasonably require. IFC does not guarantee the accuracy, reliability, or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon.
[Show full text]
Fertilizer Sector of Pakistan
Analysis by Projects & Policy Research Department | PBIT | Nov 2018 Fertilizers Sector of Pakistan Punjab Board of Investment & Trade | Projects & Policy Research Department This document produced by the Punjab Board of Investment and Trade (PBIT) contains information from sources believed reliable; we do not guarantee that the matter is accurate or complete. Our Transactions Team compiled this document based on opinions and judgments, which may vary and be revised at any time without notice. This document is for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell and is for information purposes only. It is published for the use of our clients and may not be reproduced, distributed or published by any person for any purpose whatsoever. Action will be taken for unauthorized reproduction, distribution or publication. The views expressed 1 in this document are those of Transactions Team at PBIT and do not necessarily reflect those of PBIT or its senior management. CONTENT Economic Overview …………………………………….…4 Agriculture Sector Of Pakistan……………………………5 Manufacturing Sector Overview……………………….….7 Executive Summary…………………………………….….8 Crop-wise Of Usage Of Fertilizer……………………..….9 Types Of Fertilizer Used In Pakistan………………,…..12 Fertilizer Nutrients…………………………………,,……14 Province Wise Nutrients Balance Sheet………,,……...16 Fertilizer Off Take Province Wise Per Hectare……...…17 Seasons Wise Balance Sheet (Nutrients)……………...18 Local Outlook/Forecast Of 2017-18………………….…19 Global Fertilizer Consumption………………………..….20
[Show full text]
Engro Corporation from Wikipedia, the Free Encyclopedia
Create account Log in Article Talk Read Edit Search Engro Corporation From Wikipedia, the free encyclopedia Main page This article includes a list of references, related reading or external links, Contents but it s sources remain unclear because it lacks inline cit at ions. Featured content Please improve this article by introducing more precise citations. (July 2013) Current events Engro Corporat ion is a public company based in Pakistan. The Engro Corporation Random article company has stakes in the fertilizer, food, power generation, Donate to Wikipedia petrochemicals, automation and terminal storage industries. Engro Interaction underwent an employee led buy out in 1992. Help Contents [hide] About Wikipedia Community portal 1 Subsidiaries Recent changes 2 Tarang Contact page 3 History 3.1 Founding days Type Public (KSE[1] ) Tools 3.2 Esso to Exxon Limited Indust ry Fertilizer Print/export 3.3 As Engro Chemicals (further expansions) Food 3.4 Recent history Beverages 4 Organizational structure Chemicals polymer 5 See also Power Generation 6 References Petrochemical 7 External links Fo unded Basic Foundation: 1957 as Esso/Mobil Joint Venture, Subsidiaries [edit] Company Incorporated 1965 as Esso Pakistan Fertilizer As a holding company its subsidiaries include: Company Limited Headquart ers Karachi, Pakistan. Engro Fertilizers Limited Area served Pakistan Engro Foods Limited Key peo ple Hussain Dawo o d Engro Eximp Private Limited Chairman Engro PowerGen Limited Aliuddin Ansari [2] Engro Polymers and Chemicals Limited Pre s ide nt and CEO Engro Vopak Limited Pro duct s Engro Urea Engro DAP Tarang [edit] Engro Zorawar Engro Zarkhez In 2013, Engro Corporation made six films which was the remake Zingro of six old Pakistani classical films under Tarang Housefull, and to Olpers honor these films Tarang Housefull Awards are created.
[Show full text]
All Share Islamic Index for the Period Ended December 2020 (Complete Ratios)
FINAL RECOMPOSITION LIST- KMI-ALL SHARE ISLAMIC INDEX FOR THE PERIOD ENDED DECEMBER 2020 (COMPLETE RATIOS) Income Ratio / Illiquid Assets Net Liquid Share Price as Debt Ratio Investment Ratio Charity Rate Final Shariah No. Ticker Company Name Objective Ratio (IA/TA => Assets Ratio of December (D/A < 37%) (NCInv/TA < 33%) (NCInc/TR < Status 25%) (NLA < P) 31st 2020. 5%) 1 AABS Al-Abbas Sugar Mills Ltd Compliant 20.40% 30.72% 1.51% 44.61% 28.78 335.97 Compliant1 2 ABOT Abbott Lab (Pakistan) Ltd Compliant 3.28% 0.00% 0.93% 57.65% 12.54 755.37 Compliant 3 ACPL Attock Cement Pakistan Ltd * Compliant 15.03% 0.00% 0.04% 75.01% (29.21) 0 Compliant 4 AGIL Agriauto Industries Ltd * Compliant 0.24% 7.64% 0.52% 60.96% 53.75 234.25 Compliant 5 AGP AGP Limited Compliant 0.00% 0.00% 0.18% 86.28% (2.08) 0 Compliant 6 AGSML Abdullah Shah Ghazi Sugar Mills Compliant 16.05% 0.00% 0.00% 97.50% (42.42) 0 Compliant1 7 APL Attock Petroleum Ltd * Compliant 11.51% 4.71% 0.65% 56.75% (89.84) 0 Compliant 8 ASC Al Shaheer Corporation Ltd * Compliant 20.21% 0.00% 0.02% 62.15% 1.35 15.54 Compliant 9 ASTM Asim Textile Mills Ltd * Compliant 0.00% 1.34% 0.50% 76.19% (37.60) 0 Compliant 10 ATBA Atlas Battery Ltd * Compliant 19.74% 1.65% 0.13% 81.65% (70.12) 0 Compliant 11 PREMA At-Tahur Limited * Compliant 9.11% 0.00% 0.06% 86.55% (2.40) 0 Compliant 12 ATLH Atlas Honda Ltd * Compliant 1.85% 15.76% 1.41% 42.78% 6.61 500 Compliant1 13 ATRL Attock Refinery Ltd * Compliant 7.34% 0.00% 0.72% 69.84% (225.01) 0 Compliant 14 BATA Bata (Pakistan) Ltd Compliant 32.38% 12.10% 0.39% 63.64% (335.99) 0 Compliant 15 BGL Balochistan Glass Ltd * Compliant 27.62% 0.00% 0.01% 90.81% (5.28) 0 Compliant 16 BIFO Biafo Industries Ltd * Compliant 20.62% 11.92% 0.86% 64.26% 3.41 154.2 Compliant 17 BWCL Bestway Cement Ltd * Compliant 17.91% 15.32% 1.73% 76.32% (23.96) 0 Compliant 18 CEPB Century Paper & Board Mills * Compliant 29.53% 0.00% 0.14% 79.85% (37.04) 0 Compliant 19 CHCC Cherat Cement Co.
[Show full text]
List of Companies
List of Companies S.No. Company Name S.No. Company Name 1 3M Pakistan Pvt. Limited 41 Bayer Pakistan (Pvt) Ltd. (G) 2 A.F.Ferguson & Co. 42 Berger Paints Pakistan Ltd 3 Abacus Consulting (Pvt) Ltd 43 Bestway Cement 4 Abbott Laboratories (Pakistan) Limited 44 BHP Billiton 5 ACE Insurance Limited Pakistan 45 Bosch Pharmaceuticals Pvt Limited 6 Adamjee Insurance Company Limited (Nishat Group) 46 BP Pakistan Exploration & Production, Inc. 7 Agha Khan Group 47 British Council 8 Aitchison College 48 Brookes Pharmaceutical Laboratories (Pakistan) Limited 9 Akzo Nobel Pakistan Limited 49 Buxly Paints 10 Al Ghazi Tractors Ltd ( offices in service area only ) 50 Central Depository Company 11 Albarka Bank 51 Century Paper & Board Mills 12 Alcatel Pakistan Limited 52 Century Publications Private Limited 13 Ali Institute of Education 53 China Mobile (Zong) 14 All Abu Dhabi Group Companies 54 CitiBank 15 All Embassies & Consulates in Pakistan 55 Civil Services Academy 16 All Organizations of United Nations 56 Civil Aviation Authority 17 Allama Iqbal Medical College 57 Clariant Pakistan Ltd 18 Allied Bank Limited 58 Clover Pakistan Ltd. 19 Anjum Asim Shahid Rahman & Co. 59 Coca Cola Beverages Pak. Ltd. 20 Arif Habib Securities Ltd 60 Coca Cola Export Corp. – Lhr 21 Armed Forces 61 Colgate Palmolive Ltd. 22 Army Welfare Trust & Affiliate Companies 62 College of Physicians & Surgeons 23 Asian Development Bank 63 Continental Biscuits – LU 24 Askari Bank Limited 64 Descon Engineering 25 Askari General Insurance Co.Ltd 65 DG Khan Cement Company Limited (Nishat
[Show full text]
Download Full Case Study
4. Company case studies Learning from others This chapter presents fi ve detailed case studies of companies from diff erent sectors and geographies that successfully imple- mented skills-development initiatives at all three levels: for their workforce, in the value chain, and in the local community. The case studies not only provide detailed insights into how the skills gaps were addressed, but also show how to apply the good-practice frameworks and the methodologies for the cost-benefi t appraisal discussed in Chapters 2 and 3. 1 | Bridging the skills gaps in developing countries Engro Corporation Ltd. A Pakistani multi-business holding advances its business growth and secures its social license to operate by success- fully tackling local skills gaps Executive Summary Regarding skills development in the value chain and in the community: Engro is always striving to maximize the quality of Engro Corporation Ltd. (hereafter Engro) is a Pakistani group the rice and milk inputs for its food business and to increase active in the fertilizers, foods, energy, and petro-chemicals busi- the sales of its fertilizer business, so it has been developing the nesses. The main business has been that of fertilizer production, skills of thousands of small-holder farmers – training them in initiated in 1968, but the company has in recent years success- modern farming techniques, such as optimal sowing and con- fully grown other businesses, and is constantly striving to servation methods and fertilizer management. For its suppliers expand its reach in Pakistan and beyond. of milk, the company has implemented the Women Empower- ment through Livestock Development (WELD) project, which Within Pakistan, Engro has an excellent reputation, and is able trains women to work as milk collectors or else as extension to attract and select among the best graduates of the country’s workers offering basic advisory and veterinary services to family engineering and business schools.
[Show full text]
1 Term Sheet Issuer Engro Corporation Limited (“Engro
Term Sheet Issuer Engro Corporation Limited (“Engro”) Transaction Issue of Term Finance Certificates (TFCs) as instrument of redeemable capital under section 120 of the Companies Ordinance 1984 Issue Amount Upto PkR 4,000 million (inclusive of a Green Shoe Option of PkR 2,000 million) Tenor 3 years Profit Rate 14.5% per annum (fixed rate) Profit payment frequency Semi Annually Profit Accrual From the Date of Investment Minimum Investment Rs. 25,000/- Denomination of TFC Rs. 5,000/- or in multiples thereof (i.e. Investments can be only made for amounts of 25000, 30000, 35000, and so on) Subscription Period 3 months TFC Schedule Date of opening of subscription period October 15, 2010 Date of closing of subscription period January 14, 2011 Date of Interim Profit Payment January 31, 2011 Issue Date February 01, 2011 First Profit Payment July 31, 2011 Second Profit Payment January 31, 2012 Third Profit Payment July 31, 2012 Fourth Profit Payment January 31, 2013 Fifth Profit Payment July 31, 2013 Sixth and Final Profit Payment January 31, 2014 Principal Repayment in full (Maturity Date) January 31, 2014 Allotment basis First come first served Holding of TFCs TFCs may be held either as physical certificates or in book entry (scrip-less) form through CDS of CDC 1 Principal Redemption On completion of 3 years or earlier through Early Redemption Option Early Redemption Option For encashments before completion of 3 years, service charges will (Put Option) be applicable at 2% of the outstanding principal amount and 15 day prior notice Security First ranking floating charge on certain assets of Engro Corporation Bankers to the Issue MCB Bank Limited, Standard Chartered Bank (Pakistan) Limited, Bank Alfalah Limited, NIB Bank Limited, Bank Al Habib Limited, Allied Bank Limited, Habib Bank Limited, United Bank Limited, JS Bank Limited, Askari Bank Limited, Citibank N.A.
[Show full text]