Board of directors meeting of First Paramount Modaraba

Board Meetings

Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 01, 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 24, 2021 to October 01, 2021.

First Paramount Modaraba, is a Non-Banking Islamic Financial Institute managed by Paramount Investments Limited. It was incorporated in the Province of Sindh on 15th February 1992. It was registered as a Modaraba Management Company with the Registrar of Modaraba companies and Modaraba Islamabad on 15th October, 1992.

First Paramount Modaraba is a multipurpose, perpetual and multidimensional Modaraba floated. Modaraba’s principal activities include deployment of funds on murabaha, modaraba and musharaka arrangements.

The total number of shares are 13,788,418. The Earning per share is 0.47 in 2020 which was 0.88 in 2019. The Earnings per share is 6,497,000 in 2020 which was 12,085,000 in 2019.