Transmission of Annual Report for the Year Ended June 30, 2022 of First Equity Modaraba

Karachi, First Equity Modaraba informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2022 have been transmitted through PUCARS and is also available on Company’s website.

“First Equity Modaraba was formed in 1991. It is managed by Premier Financial Services (Private) Limited. The Modaraba is a perpetual, multipurpose Moradabad able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Modaraba is a TREC holder of Pakistan Stock Exchange Limited.

The total numbers of shares are 52,440,000. The Earnings per share is (0.11) in 2020 which was (0.06) in 2019. The Company had a loss of Rs. 5,861,000 in 2020 which was 3,304,000 in 2019.”