Karachi, First Fidelity Leasing Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2020.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 831,909 with loss per share 0.031 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The First Fidelity Leasing Modaraba is a perpetual, multipurpose and multi-dimensional Modaraba incorporated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. It is managed by Fidelity Capital Management Company (Pvt.) Ltd. Registered office of the Modaraba is situated in Ground Floor 90,A-1 Canal Bank Gulberg-II, Lahore. It is listed on all Stock Exchanges in Pakistan.
The symbol “FFLM” is being used by the stock exchange for the shares of The First Fidelity Leasing Modaraba.