Karachi, First Elite Capital Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2018 at Lahore. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 16, 2018 to February 23, 2018.
Crescent Modaraba Management Company Limited was incorporated under the Companies Ordinance 1984 on May 30, 1989 vide Registration No. L-01630 as a Public Limited Company. The Company floated First Elite Capital Modaraba in 1991 with an authorized Capital of Rs. 200.00 (M). The Modaraba offered shares worth Rs. 100.00 (M) to public which were oversubscribed. It is a perpetual, multipurpose and multidimensional Modaraba. Presently Modaraba has paid up Capital of Rs. 113.40 (M).
The symbol “FECM” is being used by the stock exchange for the First Elite Capital Modaraba.