Board of directors meeting of Orient Rental Modaraba

Karachi, Orient Rental Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 24, 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 17, 2021 to September 24, 2021.

The Orient Rental Modaraba (ORM) is a multi-purpose and perpetual Modaraba. It was formed by spinning off two of the core divisions, generator rental and operation & maintenance, of Orient Energy Systems (OES). The OES is owned by the major sponsors of ORM.

The total numbers of shares are 75,000,000. The Earnings per share is 0.40 in 2020 which was 1.37 in 2019. The Profit after Taxation is 30,305,000 in 2020 which was 102,735,000 in 2019.