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

Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 07, 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. 4,680,662 with earnings per share 0.26 basic and diluted respectively.

Further, 2% i.e. 20 per share payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 10, 2016 to October 25, 2016 (both days inclusive).

Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, and Modaraba Companies and Modaraba Rules, 1981 and is managed by BankIslami Modaraba Investments Limited, a company registered under the Companies Ordinance, 1984. It is engaged in the business of leasing, murabaha, musharaka financing, operation of petrol and diesel filling / service station. It is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol “MODAM” is being used by the stock exchange for the shares of Modaraba Al-Mali.