Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that the six members have filed themselves for election as Directors at the Annual General Meeting of the Company was held on November 25, 2022 at Karachi.
“First Paramount Modaraba, is a Non-Banking Islamic Financial Institute managed by Paramount Investments Limited. It was incorporated in the Province of Sindh on 15th February 1992. It was registered as a Modaraba Management Company with the Registrar of Modaraba companies and Modaraba Islamabad on 15th October, 1992.
First Paramount Modaraba is a multipurpose, perpetual and multidimensional Modaraba floated. Modaraba’s principal activities include deployment of funds on murabaha, modaraba and musharaka arrangements.
The total number of shares are 13,788,418. The Earning per share is 0.47 in 2020 which was 0.88 in 2019. The Earnings per share is 6,497,000 in 2020 which was 12,085,000 in 2019.”