Lahore November 3 2021: Shareholders of First National Equities Limited authorised company’s management to invest up to PKR 200 million (Rupees Two Hundred Million Only) from time to time in Real Estate Sector by investing in the proposed subsidiary (whether or not under the REIT scheme) by subscribing at Par for fully paid-up ordinary shares, as per terms and conditions disclosed to the members.
The shareholders authorized management of First National Equities Limited to sale investment in Kingbhai Digisol (Private) Limited in part or full at the current market rate and by adopting any manlier as may be deemed appropriate in the best interest of the company.
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These resolution shall be valid for a period of one (01) year starting from the date of approval by members and the Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary of the Company be and are hereby singly empowered and authorized to do all acts, matters, deeds and things, take any or all necessary actions including signing and execution of agreement(s) and to complete all legal formalities including filing of applications for no objection certificate/permission from any authority / Commission as may be necessary or incidental or expedient for the purpose of implementing the aforesaid resolution."
Keeping in view the growth trajectory of these sectors and the Company’s assessment of the service gap in the sectors, the Company hopes the investment to give returns through investment value appreciation as well as dividends.
Kingbhai is digitally transforming Real Estate and creating the experiential destinations of the future and is one of the largest online property portals with quick and easy access to all verified properties across the country. Kingbhai brings the smooth and agile way of selling and buying your desired properties with a single click.