Hum Network Limited informed Karachi Stock Exchange that the name Hum Network FZ LLC has been reserved with the UAE Authorities on March 2, 2015 for formation of a wholly owned subsidiary. The said subsidiary will be registered after regulatory approvals and completion of the due process in UAE. Mr Duraid Qureshi has been nominated as the Chief Executive officer and Director and Ms. Sultana Siddiqui as the director of the proposed Hum Network FZ LLC.
The announcement is available at
< http://www.kse.com.pk/noticesupdates/detail2.php?0.5546999556923968&id=4&nid=063497>
Hum Network Company Limited was incorporated in Pakistan as a public limited company in February 2004 with the name of Eye TV Limited. Later on January 21, 2011 the company name was changed to Hum Network Company Limited. The principal activities of the business include launching of transnational satellite channels and presenting the cultural heritage of Pakistan. The core business operations of the company are production, advertisement, entertainment and media marketing. Programs related to information, entertainment, news, education, health food, music and societies are shown on the channel. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan.
The brands of the company include Hum TV, Masala TV and Hum 2 in the television medium. The publications of the company include Masala TV food magazine, Humsay and Bridal Couture Week Magazine.
The symbol “HUMNL” is being used by the stock exchanges for the shares of Hum Network Company Limited.