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HomeBusinessPOPULAR ISLAMIC MODARABA MANAGEMENT COMPANY KA RS. 100 MILLION INJECTION AUR FUND...

POPULAR ISLAMIC MODARABA MANAGEMENT COMPANY KA RS. 100 MILLION INJECTION AUR FUND EXPANSION KA FAISLA

Karachi (21 June 2024) – Popular Islamic Modaraba Management Company (Private) Limited ke Board of Directors ne 21 June 2024 ko ek ahem resolution pass kiya hai. Iss resolution ke tehat, SECP ke letters ke mutabiq, management company Modaraba mein Rs. 100 million inject karegi. Iss mein se Rs. 40 million pehle hi equity mein convert ho chuke hain, jab ke baqi Rs. 60 million loan ke taur par diye gaye hain, jo baad mein equity mein convert honge. Iss se injection ka total Rs. 100 million mukammal ho jayega.

Board ne yeh bhi faisla kiya ke Modaraba ke authorized funds ko Rs. 140 million se barhakar Rs. 200 million kiya jayega. Iske mutabiq, Rs. 60 million ke certificates management company ko issue honge, jo SECP ke approval ke baad implement kiye jayenge.

Mr. Kamran Hussain Mughal ko tamam regulatory formalities puri karne aur SECP se approval hasil karne ke liye mukammal ikhtiyaar diya gaya hai.

Yeh qadam Popular Islamic Modaraba ki financial position ko mazid mazboot banane aur future growth ke liye raah hamwar karne mein madadgar sabit hoga.

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