Board of directors meeting of First Equity Modaraba

Board Meetings

Karachi, First Equity Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 04, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 27, 2021 to October 04, 2021.

First Equity Modaraba was formed in 1991. It is managed by Premier Financial Services (Private) Limited. The Modaraba is a perpetual, multipurpose Moradabad able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Modaraba is a TREC holder of Pakistan Stock Exchange Limited.

The total numbers of shares are 52,440,000. The Earnings per share is (0.11) in 2020 which was (0.06) in 2019. The Company had a loss of Rs. 5,861,000 in 2020 which was 3,304,000 in 2019.