Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!
Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders
|Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to sign up. Be a part of Tezi Mandee - Community Of Pakistani Investors & Traders by signing in or creating an account.
To Sign In ( Click Here )
Posted 09 October 2008 - 11:36 PM
KARACHI, Oct 8: Central Depository Company of Pakistan (CDC) has awarded a mandate to BMA Capital to act as lead manager for the listing and Initial Public Offering (IPO) of shares in the company, said a release issued on Wednesday.
The listing is expected to take place through a fresh issue of shares on the Karachi, Lahore and Islamabad stock exchanges by January 2009.
“BMA is confident of an overwhelming response to the IPO based on CDC’s solid fundamentals and unsurpassed vision of its management,” said the release.
CDC was incorporated in 1993 and became operational in 1997 with the responsibility to manage and operate the Central Depository System (CDS). The company has enjoyed a solid performance in FY08 with revenues up 32 per cent from last year to Rs1.13bn and profit after tax up 51 per cent to Rs398 million.