Board of directors meeting of First IBL Modaraba

Karachi, First IBL Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 24, 2021 at Lahore. 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 16, 2021 to September 24, 2021.

Established in 1989, First IBL Modaraba (formerly First Sanaullah Modaraba) is one of the oldest, yet resilient Modarabas of the Islamic Financial sector of Pakistan. With over three decades of experience, and management consisting of expert and veteran bankers, we continue to provide Islamic Financial products to the corporate sector as well as individual consumers.

Their clientele ranges from renowned Construction & Engineering Companies, Textile Companies, Power Generation Companies, Cement Manufacturing Companies, Educational Sector, Universities and Group Companies to individuals. So be it a facility for an individual, working capital for a business, house loans or term leases for vehicles and machinery, and have a specialized, customized and fulfilling – yet Islamic – product for your need.

The total number of shares are 21,687,500. The Earnings per share is 0.19 in 2020 which was 0.22 in 2019. The Profit after Taxation of the Company is 4,003,000 in 2020 which was 4,708,000 in 2019.