Board of directors meeting of First Al-Noor Modaraba

Karachi, First Al-Noor Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 28, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 28, 2021 to October 09, 2021.

First Al-Noor Modaraba is a Company, managed by the Al-Noor Modaraba Management Private Limited. The Company is commenced its business operation on November 02, 1992 as specific purpose trading Modaraba. The Company was converted into a multipurpose perpetual Modaraba in the month of July, 1995 and is primarily engaged in ijarah, diminishing Musharakah, Musharikah, Murabaha, Musawamah, Modaraba, equity investment and trading activities.

The shares of the company are 21,000,000. The Earnings per shares of the Company is (0.01) in 2020 which was (0.67) in 2019. The Company had a loss of Rs. 197,000 in 2020 which was 14,117,000 in 2019.