Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange that he Board of Assetplex Modaraba Management Limited, in its meeting held on 17th December 2021, has decided to not allocate any portion of the unsubscribed right shares to any underwriter and has instead offered the same to its sponsors and other associates, as stipulated in Section 83 of the Companies Act, 2017.
Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 and is managed by BankIslami Modaraba Investments Limited. The Modaraba is engaged in the business of leasing, murabaha, musharaka financing, operation of petrol and diesel filling/service station. The Modaraba is listed at Pakistan Stock Exchange.
The total number of shares are 18,423,945. The Earnings per share is 1.01 in 2020 which was 0.43 in 2019. The Profit after taxation is 18,607,000 in 2020 which was 7,965,000 in 2019.