Karachi, Sindh Modaraba Management Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 30, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 12,915,531 with earnings per share 0.29 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sindh Modaraba is a perpetual, multi-dimensional non-trading modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. Sindh Modaraba is managed by Sindh Modaraba Management Ltd., a company 100% owned by Government of Sindh.
The registered office of the Sindh Modaraba Management Ltd. is 1st floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi. The Modaraba is primarily engaged in the business of Ijarah, Musharakah and Murabahah financing, Investment in marketable securities and other related businesses.
The symbol “SINDM” is being used by the stock exchange for Sindh Modaraba Managment Limited.