Financial results of Sindh Modaraba Management Limited for Year ended June 30, 2021

Karachi, Sindh Modaraba Management Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 07, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 75,822,337 with earnings per share 1.68 basic and diluted respectively.

Further, 10% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 19, 2021 to October 26, 2021 (both days inclusive).

Sindh Modaraba is a perpetual, multi-dimensional non-trading modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. Sindh Modaraba is managed by Sindh Modaraba Management Ltd., a company 100% owned by Government of Sindh.

The registered office of the Sindh Modaraba Management Ltd. is 1st floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi. The Modaraba is primarily engaged in the business of Ijarah, Musharakah and Murabahah financing, Investment in marketable securities and other related businesses.

The symbol “SINDM” is being used by the stock exchange for Sindh Modaraba Management Limited.