Karachi, Awwal Modaraba Management Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2020.
Further, the company has declared the closed period from February 15, 2021 to February 23, 2021.
Awwal Modaraba Management Limited (AMML) is licensed by the Registrar of Modarabas, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”).
The establishment of a Modaraba Management Company (MMC) is expected to translate into significant financial benefits for its shareholders and investors in the Modaraba funds.
The symbol “AWWAL” is being used by the stock exchange for the Awwal Modaraba Management Limited.