Karachi, Orient Rental Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 21, 2018. 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 13, 2018 to February 21, 2018.
The Orient Rental Modaraba is a multi-purpose and perpetual Modaraba.
The Modaraba is engaged in providing equipment rental solutions, operation and maintenance services. The modus operandi includes ownership and renting out of equipment and provision of operation and maintenance services. The renting of equipment is on Ijara mode for tenor ranging from one hour to days, weeks, months and year(s).
The equipment for rental includes fleet of Power Generation Equipment, Commercial Vehicle, Material Handling Equipment and Construction Machinery. The rental solution shall be provided locally as well as internationally.
In addition, the Modaraba is also engaged in providing Operation & Maintenance (O&M) services to customers who own the equipment and require O&M service providers for maintenance. The tenor of services varies from client to client