Board of directors meeting of Popular Islamic Modaraba

Karachi, Popular Islamic Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 23, 2020 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2020.

Further, the company has declared the closed period from October 16, 2020 to October 23, 2020.

Popular Islamic Modaraba is a company incorporated in Pakistan, established in 1994, floated under the Modaraba Ordinance of 1980. Popular Islamic Modaraba (Formerly: First Islamic Modaraba) is a multipurpose, perpetual and multi dimensional Modaraba, It is now managed by Popular Islamic Modaraba Management Company (Private) Limited. Formerly, managed by Islamic Investment Bank Limited (Under Liquidation). In year 2013 Popular Islamic Modaraba (Formerly: First Islamic Modaraba) has been take over the management by Popular Group of Industries. It is listed on the Pakistan Stock Exchange. It is a member of NBFI & Modaraba association of Pakistan. It is an Islamic Financial Institution providing financial facilities in accordance with Shariah constraints.

The symbol “PIM” is being used by the stock exchange for the shares of Popular Islamic Modaraba.