Karachi, First Prudential Modaraba informed Pakistan Stock Exchange that the interim final dividend @ Rs. 0.17 per share i.e. 1.70% for the year ending June 30, 2022 has been credited electronically into the designated bank accounts of the shareholders of the Company on November 30, 2022.
“First Prudential Modaraba is a multipurpose, perpetual Modaraba. The Modaraba is engaged in various modes of Islamic funding’s and businesses which include ijarah financing, deployment of fund in musharika, Morabaha and investment in securities.
The objective of the Modaraba inter-alia include participating in Musharika, Morahaba and providing financial assistance for working capital need, Ijaraha of all types of assets with special emphasis on vehicle and industrial machinery, including securitization of lease portfolio of leasing companies and commercial activities including syndication and leveraged leasing, underwriting of public issue of shares.
The total numbers of shares are 87,217,660. The Earnings per share is (0.06) in 2020 which was 0.03 in 2019. The Profit after Taxation of the Company is (5,402,000) in 2020 which was 2,322,000 in 2019.”