Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that the Board of Directors of the company has appointed Mr. Syed Wajih Hassan as Chief Executive Officer of the Management Company with effect from November 26, 2022 for a term of three years.
“First Paramount Modaraba, is a Non-Banking Islamic Financial Institute managed by Paramount Investments Limited. It was incorporated in the Province of Sindh on 15th February 1992. It was registered as a Modaraba Management Company with the Registrar of Modaraba companies and Modaraba Islamabad on 15th October, 1992.
First Paramount Modaraba is a multipurpose, perpetual and multidimensional Modaraba floated. Modaraba’s principal activities include deployment of funds on Murabaha, Modaraba and Musharaka arrangements.
The total number of shares are 13,788,418. The Earning per share is 0.47 in 2020 which was 0.88 in 2019. The Earnings per share is 6,497,000 in 2020 which was 12,085,000 in 2019.”