Board meeting of First Elite Capital Modaraba to be held on February 24, 2023

Board Meetings

Karachi, First Elite Capital Modaraba informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on February 24, 2023 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended December 31, 2022.

Further, the closed period of the company shall be from February 17, 2023 to February 24, 2023 (both days inclusive).

“First Elite Capital Modaraba is a perpetual, multi-purpose and multi-dimensional non-trading Modaraba. It is managed by Crescent Modaraba Management Company Limited. The Modaraba is primarily engaged in the business of ijarah, musharakas and murabahas financing, investment in marketable securities and other related businesses.

The total numbers of shares are 11,340,000. The Earnings per share is (0.46) in 2020 which was (0.39) in 2019. The Company had a loss of Rs. 5,272,000 in 2020 which was 4,371,000 in 2019. “