Karachi January 11, 2022: First Dawood Investment Bank Limited in notice file to Pakistan Stock Exchange has notified that it has received the Offer Letter dated December 26, 2021, that was received by FDIBL after working hours on January 10,2022, His Excellency Mr. Dmitry Plotnikov, CEO/ Director of ” Light World” of Czechoslovakia conveyed his Offer (“Offer’) for subscribing Right shares by way of fresh equity injection up to Euro 7.50 million (Seven Million and Five Hundred Thousand Euros) subject to all regulatory approvals.
The Board of Directors of First Dawood Investment Bank Ltd. approved the Offer through resolution circulated on January 10, 2022 and authorizing Chief Executive Officer, Mr. Rafique Dawood to negotiate and finalize the subscription of Right shares by way of fresh equity injection.
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As per our discussions, we are pleased to inform you that LIGHT ‘iNorld s.r.o (with registered address at: Chudenicka 1059/30, 102 00, Praha, Ceska Republica, Reg. number: 27297012, represented by Mr. Dmitry Plotnikov, CEO/ Director, holder of Passport No: 71 8842684) intends to invest up to Euro 7.5 million (Seven Million and Five Hundred Thousand Euros) in the equity of the company FIRST DA WOOD INVESTMENT BANK (FDIB) and seeks to enter in negotiations to finalize the modalities of this investment subject to all regulatory approvals.
About First Dawood Investment Bank Limited
First Dawood Investment Bank Limited was incorporated on June 22, 1994 under the Companies Ordinance, 1984. The company had obtained the licenses for Leasing Business and Investment and Finance Services under Non Banking Finance Companies (Establishment and Regulation) Rules, 2003 and Non Banking Finance Companies and Notified Entities Regulations, 2008 from the Securities and Exchange Commission of Pakistan (SECP).
About Light World
Our company represents the interests of the Global investors group who are very anxious unprecedented turbulence of the global financial banking system which also forces us to take quick and unusual actions.
Our main activities : management of the investment contract with the system investor. Contract data for verification of its registration in the international banking system can be provided by the automatic compliance system of the provided investment account and contract number at the request of a banking officer who has the appropriate authority from a potential counterparty.
(explanation: System Investor is an individual, trust or state represented by an authorized representative, or other persons who have the right to own and dispose the financial assets that exceed the needs of one state and are provided on a reimbursable basis as credit and issue collateral in the system of international settlements of Central banks and are registered with the Bank for International Settlements, Basel, Switzerland- Bank International Settlement-BIS).
System investments are intended for economic development. They are historical global savings and are not credit- denominated. They are denominated in the equivalent currency of the European Central Bank (at the moment).
They can be used for local issuance in accordance with the Currency Board rule or cover the costs of foreign trade operations, including the issuance of any financial instruments recognized by the world banking community . Each system investor has its own conditions for working With the BIS system. As a rule, most of the system funds are provided for long periods in trust management to various Central banks of the world, to ensure credit and issuing activities.
Some of the funds have a free purpose and can be invested by the investor himself or his authorized organizations on the basis of direct contracts. In this case, Light World has such a contract for direct investment in the real sector of the world economy. Priority is given to projects related to closing technologies, education, and life-support infrastructure projects on a reimbursable basis (housing, toll roads, energy, and so on). The maximum amount of investment is determined by the current economic indicators of the local economy and the state of the Central Bank. In small amounts up to 1 billion euros for specific projects , the System does not give negative recommendations. After making an investment, the System tracks economic indicators and increases the investment limit if they grow.
In this regard, “Light World” company are ready for cooperation with state Central Banks, Goverments, big regional’s banks, investments companies for transffering great amounts for investment purpose.
