The following have been re-elected Directors of the Pak-Gul Leasing Company Limited for the next three years:
Sohail Inam Ellahi, Fawad S. Malik, Inam Ellahi Shaikh, Shaikh Aftab Ahmed, Yousaf Jan Mohammad, Shaikh Mohammad Jawed, Shaheed H. Gaylani and A.B. Shahid.
The three-year term of the sitting directors of the company expired on April 20.
In compliance with the relevant company law, an extraordinary general meeting of the company's shareholders was held on April 20, at the registered office of the company to elect the new directors.
Representatives of the THK Associates (Pvt) Limited, the Share Registrar of the company, supervised the elections.
The highlights of the company performance during the past three years have been close to tripling of the company size, satisfactory profitability, prudent management of its risk asset portfolio and compliance with the Securities and Exchange Commission of Pakistan (SECP) requirements on capital adequacy and corporate governance.
For the past two years, the company's entity rating has been upgraded by JCR-VIS Credit Rating Agency Company (Pvt) Limited, and currently it stands at BBB+ for medium to long term and A-2 for the short-term.-PR