Tuwairqi Steel Mills Limited (TSML) recently appointed CDC as its Share Registrar. The signing ceremony was held in June 2011 at the head office of Tuwairqi Steel Mills.
Tuwairqi Steel Mills Limited (TSML) is a steel manufacturing project based on the world’s most advanced Direct Reduced Iron (DRI) technology. With a designed capacity to produce 1.5 million tons of high-quality DRI per annum, TSML will be the largest private-sector integrated steel manufacturing unit in Pakistan. TSML’s complex spreads over an area of 220 acres at Port M Qasim, Karachi. It is being set up in Pakistan by Al Tuwairqi Holding (ATH), the largest private sector steel producer in the Kingdom of Saudi Arabia.
Other R/TA Signings:
In addition to TSML, CDC’s Share Registrar Services further expanded its portfolio by signing agreements with Byco Oil Pakistan Limited and Engro Corporation Limited for its TFC [2nd Issue] in the April-June 2011 quarter. With the new signings, the tally of companies with CDC SRS has increased to 42.
IPO Handling by CDC Share Registrar Services
Since the start of IPO handling a year and half ago, CDC Share Registrar Services has handled the following 4 IPOs:
National Savings Bonds ? Engro Rupiya Certificate 1 (about 2500 applications and total issue size of Rs. 4 Billion)
Engro Rupiya Certificate 2 (IPO still under process)
Pak Gen Power (about 1,530 applications were handled and total issue size was about Rs. 517 Million)
It is important to note that CDC is the Share Registrar for all the above mentioned securities. CDC’s call center, front desk support and branch network supported the process from the development of the prospectus till the credit of shares.