Subscription of Right Shares by directors of International Knitwear Limited
Karachi, International Knitwear Limited informed Pakistan Stock Exchange that the Directors of the Company subscribed in full their portion of the Right Shares. International Knitwear Limited (IKL) was incorporated in May 1990 and is listed at the Karachi Stock Exchange and the Islamabad Stock Exchange. It is based in Karachi, the commercial capital of Pakistan. With a wide range of top quality knitwear made from the finest yarns, International Knitwear has, among its valued clients, several Store Chains and International Brands throughout the EEC countries, the Middle East and the USA. International Knitwear Limited is a proud part of the IBL Group, a multifaceted business organization engaged in manufacturing, marketing, sales, distribution, financial services and franchising. The IBL Group has a gross annual turnover of US $175 million and has its origins dating back to 1887.