OGDCL announces final cash dividend, appoints auditors

Oil and Gas Development Company Limited (OGDCL) approved the payment of final cash dividend at 25 percent to Rs 2.50 per share.

During the AGM the shareholders also approved the appointment and remuneration of KPMG Taseer Hadi and Co and M Yousuf Adil Saleem and Co as joint statutory auditors for the year 2011-12.

Muhammad Ejaz Chaudhry, Secretary Petroleum and Natural Resources and Chairman Board of Directors of OGDCL presided over the 14th Annual General Meeting.

Muhammad Ejaz Chaudhry, Basharat A Mirza, Senator Mir Wali Muhammad Badini, Syed Amir Ali Shah, Ahmad Bakhsh Lehri, Abid Saeed, Raashid Bashir Mazari, Dr Kaiser Bengali, Wasim A Zuberi, Tariq Faruque, Syed Masieh-ul-Islam and Fahd Shaikh were elected as directors for next three years in place of the retiring directors.

From: Daily Times