Shifting of registered office of KASB Modarba

Karachi: KASB Modarba informed Karachi Stock Exchange about the shift of the registered office of the company from 80-C, 24th Commercial Street, D.H.A., Phase II (Ext.), Karachi to 8-C, Block-6, P.E.C.H.S., behind Hotel Faran, Main Shahrah-e-Faisal, Karachi. KASB Modarba was incorporated in Pakistan under the Modarba Companies and Modarba 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 Modarba is a multipurpose perpetual Modarba and is primarily engaged in ijarah financing, musharaka financing, murabaha financing, modarba financing, diminishing musharaka and investing in listing securities. The symbol “KASBM” is being used by the stock exchanges for the shares of KASB Modarba.