Karachi, First UDL Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 26, 2018 at Karachi. 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 20, 2018 to February 26, 2018.
First UDL Modaraba was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under. It is managed by UDL Modaraba Management Private Limited, a company incorporated in Pakistan. It is a perpetual, multipurpose and multidimensional Modaraba and is engaged in providing finance on Murabaha and Musharaka arrangements, Ijarah, commodity trading and trading in listed and non-interest bearing securities. The
Modaraba is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.
The symbol “FUDLM” is being used by the stock exchange for the shares of First UDL Modaraba.