Karachi, First Credit and Investment Bank Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 26, 2021 at Karachi.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 23, 2020, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from October 18, 2021 to October 26, 2021 (both days inclusive).
First Al-Noor Modaraba is a Company, managed by the Al-Noor Modaraba Management Private Limited. The Company is commenced its business operation on November 02, 1992 as specific purpose trading Modaraba. The Company was converted into a multipurpose perpetual Modaraba in the month of July, 1995 and is primarily engaged in ijarah, diminishing Musharakah, Musharikah, Murabaha, Musawamah, Modaraba, equity investment and trading activities.
The shares of the company are 21,000,000. The Earnings per shares of the Company is (0.01) in 2020 which was (0.67) in 2019. The Company had a loss of Rs. 197,000 in 2020 which was 14,117,000 in 2019.