Karachi, First National Bank 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 Quarterly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 1401, 2018 to February 23, 2018.
First National Bank Modaraba is a multipurpose, perpetual and multi dimensionalmodaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and rules framed there under and is managed by National Bank Modaraba Management Company Limited (a wholly owned subsidiary of National Bank of Pakistan), incorporated in Pakistan under the Companies Ordinance, 1984 and registered with registrar of Modaraba Companies. The Modaraba commenced its business operations on December 04, 2003 and is currently engaged in various islamic modes of financing and operations including Ijarah, Musharaka and Morabaha arrangements. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.
The symbol “FNBM” is being used by the stock exchange for the shares of First National Bank Modaraba.