Financial results of First Al-Noor Modaraba for period ended June 30, 2016

Karachi, First Al-Noor Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 28, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 117,799 with earnings per share 0.01 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 27, 2016 to November 11, 2016 (both days inclusive).

The First Al-Noor Modaraba is a company incorporated in Pakistan formed under the Modaraba Companies and Modaraba Floatation and Control Ordinance, 1980 and the rules framed thereunder and is managed by Al-Noor Modaraba Management Private Limited. The Modaraba is a multipurpose perpetual modaraba and is primarily engaged in ijarah financing, musharikah, murabaha, musawamah, modaraba, equity investment, Ijarah and trading activities. The registered office of the company is located in Karachi. The Modaraba was floated on October 19, 1992 and commenced its business on November 02, 1992. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.

The symbol “FANM” is being used by the stock exchanges for the shares of First Al-Noor Modaraba.