Karachi, First Habib Modaraba informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 30, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016.
Further, the closed period of the company shall be from August 24, 2016 to August 30, 2016 (both days inclusive).
First Habib Modaraba is a perpetual, multi-purpose modaraba floated and managed by Habib Modaraba Management Private Limited. The Modaraba is engaged in the business of leasing (Ijarah), Musharaka, Murabaha financing and other related business. The stocks of the modaraba are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.
The corporate membership of the company is with the Islamic Financial Services Board (Malaysia), International Islamic Financial Market (Bahrain), NBFI and Modaraba Association of Pakistan, Management Association of Pakistan and Marketing Association of Pakistan.
The symbol “FHAM” is being used by the stock exchanges for the shares of Habib Modaraba.