Pakistan Company News

Financial results of First Dawood Investment Bank Limited for Quarter ended March 31, 2019

Karachi, First Dawood Investment Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 4,765,697 with loss per share 0.03 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

First Dawood Investment Bank Limited is a company incorporated in Pakistan on June 22, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company obtained the license for leasing Business and Investment and Finance Services under Non-Banking Finance Companies Rule, 2003 and Non Banking Finance Companies and Notified Entities Regulations, 2008 from the Securities and Exchange Commission of Pakistan. It is listed on Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “FDIBL” is being used by the stock exchange for the shares of First Dawood Investment Bank Limited.