Board of directors meeting of First Elite Capital Modaraba

Karachi, First Elite Capital Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 06, 2016 at Lahore. The agenda of the meeting is to consider and approve the annual audited accounts for the period ended June 30, 2016.

Further, the Company has declared the closed period from September 29, 2016 to October 06, 2016

Crescent Modaraba Management Company Limited was incorporated under the Companies Ordinance 1984 on May 30, 1989 vide Registration No. L-01630 as a Public Limited Company. The Company floated First Elite Capital Modaraba in 1991 with an authorized Capital of Rs. 200.00 (M). The Modaraba offered shares worth Rs. 100.00 (M) to public which were oversubscribed. It is a perpetual, multipurpose and multidimensional Modaraba. Presently Modaraba has paid up Capital of Rs. 113.40 (M).

The symbol “FECM” is being used by the stock exchange for the First Elite Capital Modaraba.