Transmission of Quarterly Report for the Period Ended December 31, 2019 of First Elite Capital Modaraba

Karachi, First Elite Capital Modaraba informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2019 have been transmitted through PUCARS and is also available on Company’s website.

Crescent Modaraba Management Company Limited was incorporated under the Companies Ordinance 1984 on May 30, 1989 vide Registration No. L-01630 as a Public Limited Company. The Company floated First Elite Capital Modaraba in 1991 with an authorized Capital of Rs. 200.00 (M). The Modaraba offered shares worth Rs. 100.00 (M) to public which were oversubscribed. It is a perpetual, multipurpose and multidimensional Modaraba. Presently Modaraba has paid up Capital of Rs. 113.40 (M).

The symbol “FECM” is being used by the stock exchange for the First Elite Capital Modaraba.