Sammaan Capital Limited — Others, 11-12-2024: Security Cover Certificate
11-12-2024 | 12:24 pm
11-12-2024 | 12:24 pm
Sammaan Capital Limited has provided a Security Cover Certificate indicating that as of September 30, 2024, the security cover ratio is 1.26 times the amount raised through non-convertible debentures. The company's management is responsible for maintaining security cover which complies with the terms outlined in the debenture trust deeds. The financial results for the quarter and half-year show strong backing for the outstanding listed debt, suggesting a stable financial standing. This update may positively influence investor sentiment by affirming the company's adherence to financial obligations and strategic asset management.
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