Karachi: Standard Chartered Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 25, 2016 at Karachi. The agenda of the meeting is to consider Quarter/Nine Month Accounts for period ended March, 2016 for declaration of any entitlement.
Further, the Company has declared the closed period from April 18, 2016 to April 25, 2016.
Standard Chartered Modaraba was formed under the Modaraba Companies Modaraba Floatation and control Ordinance, 1980 in Pakistan in 1987. The rules of the company are framed under the Standard Chartered Services of Pakistan Private Limited. The management company is a wholly owned subsidiary of Standard Chartered Bank Pakistan Limited. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The modaraba is a perpetual modaraba and is primarily engaged in leasing/ ijarah of plant, machinery, motor vehicles and computer equipment etc. The company invests in the commercial and industrial ventures suitable for the modaraba. It offers both Consumer and Wholesale Shariah compliant financing products.
The symbol “SCM” is being used by the stock exchanges for the shares of Standard Chartered Modaraba Limited.