Posts tagged as: Xenal

Major shareholder abandons Hubco; 140 million shares sold for $60 million

Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]

Is the major shareholder in Hubco about to offload all of its holding?

Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]

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