Board of directors meeting of KASB Modaraba

Karachi, KASB Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 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 August 20, 2021 to August 27, 2021.

KASB Modaraba was incorporated on June 5, 2014, at that time it was wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). It is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, Musharaka financing, Modaraba financing, diminishing Musharaka and investing in Sukuk bonds, mutual funds and listed securities. The Modaraba was previously managed by the Administrator, appointed by the SECP vide order dated April 03, 2019 issued by the Registrar Modaraba

Total number of shares of the Company are 48,066,480. The Earnings per shares of the Company is (2.14) in 2020 which was (0.71) in 2019. The Company had a loss of Rs. 102,921,000 in 2020 which was 34, 240,000 in 2019.