LAHORE: The Arif Habib Corporation will offer new shares for sale in the equity market for the expansion of the Pak Arab Fertilizers Limited in 2013.
This was stated by Arif Habib, Chairman & CEO of the Arif Habib Corporation Limited, at a ‘Corporate briefings programme’ here on Thursday. The briefing was arranged by the Lahore Stock Exchange in effort to increase information efficiency and parity in the marketplace.
CEO of the Arif Habib Corporation said that instead of financial sector his company now represents mostly the fertilizers sector as its share in the sector is more than 68 percent while the Fauji Fertilizer’s share is 62 percent. He said we changed our company’s name and became Corporation from Securities to attract new investment.
The LSE MD talking to the participants of the briefing said that the Corporate Briefing Programme is an interactive session to bring together market participants such as members, investors and analyst and company representatives, so that accurate firsthand information reaches the participants.
“You may be aware of the extent to which our market operates on mere rumors and unconfirmed news, the LSE through this initiative intends to bridge this information gap and bring transparency to the market for the benefit of all stakeholders involved,” he added. He said the LSE invited trading activity leaders and companies that have a large investor base on periodic basis for a presentation about their company’s current state, future plans and other matters.
Meanwhile, the Lahore Stock Exchange (LSE) and the Tehran Stock Exchange have signed an agreement to enhance cooperation between capital markets and the Exchanges of the two countries. The MoU signed provides a framework for co-operation and increased assistance in all areas of mutual interest.
This news article was published on 11 Feb, 2011 in Pak Tribune.
