Material Information of Modaraba Al-Mali

Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange that the SECP’s Modaraba Wing has granted approval for the increase in the Authorized Fund of the Company from PKR 300,000,000/- to PKR 800,000,000/- by way of approving the alternation in the prospectus of the said Modaraba.

Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, and Modaraba Companies and Modaraba Rules, 1981 and is managed by BankIslami Modaraba Investments Limited, a company registered under the Companies Ordinance, 1984. It is engaged in the business of leasing, murabaha, musharaka financing, operation of petrol and diesel filling / service station. It is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol “MODAM” is being used by the stock exchange for the shares of Modaraba Al-Mali.