Appointment of Chief Financial Officer of KASB Modaraba
Karachi, KASB Modaraba informed Karachi Stock Exchange that Board of KASB Invest (Pvt) Ltd (management company of KASB Modaraba) has approved appointment of Mr. Aftab Afroz Mahmoodi as Chief Financial Officer and Company Secretary of KASB Modaraba in place of Mr. Amir Iqbal, subject to approval by Securities and Exchange Commission of Pakistan, after completion of all required formalities under law.
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.
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