Karachi, First Punjab Modaraba informed Pakistan Stock Exchange that the Final cash dividend @ Rs. 0.50 per share i.e. 5% for the year ending June 30, 2018 has been credited electronically into the designated bank accounts of the shareholders of the Company on November 15, 2018.
First Punjab Modaraba is established in Pakistan on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control) Ordinance 1980 and the rules framed there under and managed by Punjab Modaraba Services Private Limited, a wholly owned subsidiary of The Bank of Punjab. The modaraba commenced its operations from 23 December 1992. The Modaraba is a perpetual and multi-dimensional Modaraba and is primarily engaged in the business Musharikah Finances, Ijarah finances and other related business in accordance with the injunctions of Islam. The stocks of the modaraba are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “FPJM” is being used by the stock exchange for the shares of First Punjab Modaraba.