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Board of directors meeting of Trust Modaraba

Karachi, Trust Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 16, 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 09, 2021 to September 16, 2021.

Trust Modaraba was formed in Pakistan and managed by Al-Zamin Modaraba Management (Private) Limited (AZMML). The Modaraba commenced its business operations on November 12, 1991. It is listed on Pakistan Stock Exchange. The Modaraba is perpetual, multi-purpose and multi-dimensional, engaged in the business of Murabaha, Musharakah and Ijarah financing, investment in marketable securities, trading and other permissible businesses.

The total number of shares are 29,800,000. The Earnings per share is 0.06 in 2020 which was 0.03 in 2019. The Profit after Taxation is 1,732,000 in 2020 which was 1,037,000 in 2019.