Karachi, KASB Modaraba informed Pakistan Stock Exchange that the Meeting of Board of Directors of the Company scheduled on October 01, 2018 at Karachi is in Progress.
KASB Modaraba was incorporated in Pakistan under the Modaraba Companies and Modaraba Ordinance, 1980. The operations of the company are managed by KASB invest private limited which acts as a management company. The company is an Islamic financial institution extending financial facilities to its customers on Islamic principles of Shariah. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.
KASB Modaraba is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, musharaka financing, murabaha financing, modaraba financing, diminishing musharaka and investing in listing securities.
The symbol “KASBM” is being used by the stock exchanges for the shares of KASB Modaraba.