Karachi: Awwal Modaraba Management Limited, the management company of Was' Mobility Modaraba, formerly known as First Prudential Modaraba, has announced a change in its name to Wasl Modaraba Management Limited, effective July 16, 2025. The name change has been formally registered with the Securities and Exchange Commission of Pakistan's Company Registration Office in Karachi.

The certificate of incorporation reflecting the new name was issued by the Joint Registrar, in accordance with Section 13 of the Companies Act, 2017, and the company's unique identification number remains 0088649. The change requires that for a period of ninety days following the issuance of the certificate, the company must display both its former and new names on all official documents and premises.

According to information available from the Pakistan Stock Exchange (PSX), this update is significant for stakeholders, including TRE Certificate Holders, who have been advised to take note of the change in the company's official designation.

The transition marks a new chapter for the company within the designated market category, ensuring compliance with regulatory standards while maintaining transparency in its operations and communications. The company has assured all parties of its continued commitment to its business objectives under its new identity.