Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on February 27, 2023 at Lahore. The agenda of the meeting shall be consideration of half yearly accounts for the period ended December 31, 2022.
Further, the closed period of the company shall be from February 17, 2023 to February 27, 2023 (both days inclusive).
“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. “