Board of directors meeting of B.F. Modaraba

By PPI News Agency Sep27,2021

Karachi, B.F. Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 05, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 28, 2021 to October 05, 2021.

The Company was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed thereunder.

The Modaraba is managed by E. A. Management (Pvt.) Limited (Modaraba Management Company). It is perpetual multi-purpose modaraba and is primarily engaged in ijarah, investments, trading, and musharaka and murabaha transactions.

The Stock of the Company are quoted on Pakistan Stock Exchange and the symbol for the shares “BFMOD” is being used.

The number of shares the company has introduced are 7,515,158. The Earnings per shares in 2020 is 0.35 compare to 0.39 in 2019. The profit after taxation in 2020 is 2,657,000 which was (2,929,000) in 2019.

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