Karachi, Habib Metropolitan Modaraba Management Company (Pvt) Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 30, 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. 16,259,245 with loss per share 0.54 basic and diluted respectively.
Further, 4% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 18, 2021 to October 27, 2021 (both days inclusive).
Habib Metro Modaraba is a multipurpose, perpetual modaraba floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed thereunder and is managed by Habib Metropolitan Modaraba Management Company (Private) Limited (the Modaraba Management Company). The Modaraba is engaged in Residual Value car financing model on diminishing musharika basis, providing financing for solar power equipment’s and other related business.