Karachi, First National Bank Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 09, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 2,609,400 with earnings per share 0.10 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 14, 2022 to October 21, 2022 (both days inclusive).
First National Bank Modaraba is a multi-purpose, perpetual and multidimensional Modaraba formed. The Modaraba is managed by National Bank Modaraba Management Company Limited. It is engaged in various Islamic modes of financing and operations including ijarah, musharaka and murabaha arrangements.
The total numbers of shares are 25,000,000. The Earnings per share is (1.36) in 2020 which was (1.43) in 2019. The Company had a loss of Rs. 34,072,000 in 2020 which was 35,716,000 in 2019.