Board of directors meeting of First National Bank Modaraba

Karachi, First National Bank Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 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 21, 2021 to September 29, 2021.

First National Bank Modaraba is a multi-purpose, perpetual and multidimensional Modaraba formed. The Modaraba is managed by National Bank Modaraba Management Company Limited. It is engaged in various Islamic modes of financing and operations including ijarah, musharaka and murabaha arrangements.

The total numbers of shares are 25,000,000. The Earnings per share is (1.36) in 2020 which was (1.43) in 2019. The Company had a loss of Rs. 34,072,000 in 2020 which was 35,716,000 in 2019.