KASB Modaraba informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on February 26, 2020 at Karachi to consider for approval of unaudited accounts for the half year ended December 31, 2019 is in progress.

The announcement is available at:

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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.

© Pakistan Press International, source Asianet-Pakistan