Appointment of directors of Sitara Chemical Industries Limited

Karachi, Sitara Chemical Industries Limited informed Pakistan Stock Exchange about appointment of Mr. Ahmad Nawaz as Director with effect from December 23, 2016 in place of Mr. Muhammad Yousaf Adil. Sitara Chemical Industries Limited is a company incorporated in Pakistan on September 8, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are operation of Chlor Alkali plant and yarn spinning unit. The Company is currently organized into two operating divisions and these divisions are the basis on which the Company reports its primary segment information. Principal business activities are Chemical Division Manufacturing of caustic soda and allied products and Textile Division Manufacturing of yarn and fabric. The manufacturing facilities are located at Faisalabad in the province of Punjab. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “SITC” is being used by the stock exchange for the shares of Sitara Chemical Industries Limited.