April 04, 2022 (MLN): Telecard Limited has announced that its subsidiary Supernet Limited (SNL) has been awarded a shariah screening certificate by Meezan Bank Limited.
This shariah compliance status of the company was given by the bank after reviewing the consolidated financial statements of SNL, certifying its compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange.
This is pertinent to highlight that the Sshariah compliance status of the company's financial statements may vary from one financial period to the other. Hence, this certificate shall remain valid as long as the company's latest available financial statements are for the period ended June 30, 2021, the notice said.
Earlier, on 28th March, SNL received clearance from Pakistan Stock Exchange (PSX) for the book building dates for its proposed listing. Accordingly, the book-building dates have been set as Tuesday, April 12, 2022, and Wednesday, April 13, 2022.
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