5 MN as at Subsequently as of the Company has

5 mn as at subsequently as of the company has

This preview shows page 65 - 67 out of 94 pages.

There are overdue loans of PKR 19.5 MN as at June 30, 2013. Subsequently, as of September 30, 2013, the Company has secured approvals for rescheduling of these loans. There are no overdue loans (local or foreign currency) on the Directors. 7.3 DIVIDEND PAYOUT Dividend payout of the Company during the last five (5) years, from 2008 2012, is as below:
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Page 66 of 94 Dec ‘12 Dec ‘11 Dec ‘10 Dec ‘09 Dec ‘08 Cash Nil Nil Nil n/a n/a Bonus Nil Nil 106 times n/a n/a Payout Ratio Nil Nil NIL n/a n/a 7.4 PROFILE OF DIRECTORS Mr. Muhammad Aliuddin Ansari - Chairman Muhammad Aliuddin Ansari is the President & Chief Executive Officer of Engro Corporation since May 2012. He is a graduate of Business Administration with a specialization in Finance & Investments. Ali started his career as an Investment Manager at Bank of America in London which later became Worldinvest after a management buyout. He has also worked as CEO Pakistan and later as COO Emerging Europe for Credit Lyonnais Securities Asia. He has also worked as CEO AKD Securities and was instrumental in launching Online Trading, Venture Capital and Private Equity investments in Pakistan. In 2006 he partnered with an Oil & Gas company to form Dewan Drilling, Pakistan’s first independent drilling company which he led as its CEO before joining Engro. Ali is a member of the Board of Directors of Engro Corporation Limited, Engro Fertilizers Limited, Engro Eximp (Private) Limited, Engro Eximp AgriProducts (Private) Limited, Sindh Engro Coal Mining Company, Dawood Hercules Corporation Limited, Dewan Drilling Limited, Dewan Petroleum (Private) Limited, Pakistan Chemical & Energy Sector Skill Development Company and Pakistan Business Council. He has chaired a number of SECP committees and also served on the Boards of the Karachi Stock Exchange, NCCPL, Lucky Cement and Al Meezan Investment Management amongst others. He joined the Corp Board in 2009. Mr. Ruhail Mohammed President & Chief Executive Officer Ruhail Mohammed is currently the Chief Executive Officer of Engro Fertilizers Limited. Prior to his current position, he was the Chief Financial Officer of Engro Corporation Limited and also the Chief Executive Officer of Engro Powergen Limited. He holds an MBA degree in Finance from the Institute of Business Administration, Karachi, and is also a Chartered Financial Analyst. Ruhail has 25 years of Financial & Commercial experience and prior to becoming CEO has worked in areas such as treasury, commodity & currency trading, derivatives, merger & acquisitions, risk management, strategy & financial planning. He has worked in these areas in Pakistan, UAE and Europe. He is on the Board of Engro Corporation Limited and its various subsidiaries. In addition, he is also on the Boards of Cyan Limited, Hub Power Company Limited & Pakistan Institute of Corporate Governance.
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