Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 27, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 97,796,306 with loss per share 1.23 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 and is managed by BankIslami Modaraba Investments Limited. The Modaraba is engaged in the business of leasing, murabaha, musharaka financing, operation of petrol and diesel filling/service station. The Modaraba is listed at Pakistan Stock Exchange.
The total number of shares are 18,423,945. The Earnings per share is 1.01 in 2020 which was 0.43 in 2019. The Profit after taxation is 18,607,000 in 2020 which was 7,965,000 in 2019.