Karachi, KASB Corporation Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 29, 2016 at Karachi. The agenda of the meeting shall be consideration of first quarterly accounts for the period ended march 31, 2016 and half year ended June 30, 2016.
Further, the closed period of the company shall be from August 23, 2016 to August 29, 2016 (both days inclusive).
KASB Corporation Limited was incorporated in Pakistan on April 11, 1996 as a Public Limited Company. It received certificate of commencement of business on January 27, 1997. KASB Finance Private Limited is considered as the holding company. The core business operations of the company are undertaking portfolio investment management and investment in other financial instruments. During the previous year, the majority shareholders of the Company entered into an agreement with KASB Finance Private Limited about acquisitions of 29,996,406 ordinary shares of the company, representing 99.99% of the issued and paid up capital of the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the Company is located in Islamabad.
On May 31, 2012, the Securities and Exchange Commission of Pakistan de-registered the Company as a Non-banking Finance Company and revoked its license to carry on leasing business on June 22, 2012. The SECP has issued certificate of change of name of the company from “Sigma Leasing Corporation Limited” to “Sigma Corporation Limited”. On 5 September 2013, SECP issued a certificate for change of name of the company from “Sigma Corporation Limited” to “KASB Corporation Limited. Necessary amendments have also been made in the Memorandum and Articles of Association of the company.
The symbol “KCORP” is being used by the stock exchanges for the shares of KASB Corporation Limited.