Board of directors meeting of KASB Modaraba

Karachi, KASB Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 31, 2016 at Karachi. The agenda of the meeting will to consider the first quarterly financial statements of the Company for the quarter ended September 30, 2016.

Further, the Company has declared the closed period from October 25, 2016 to October 31, 2016

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.