First National Bank Modaraba Announces Financial Results and Recommendations for Fiscal Year 2023-06-30.

Lahore -- First National Bank Modaraba held its Board of Directors meeting on October 5, 2023, to discuss financial results and make recommendations for the fiscal year ending June 30, 2023.*First National Bank Modaraba, one of Pakistan's leading financial institutions, has released its financial results for the fiscal year ending on June 30, 2023. The company's Board of Directors met on October 5, 2023, in Lahore to discuss the financial performance and recommend various corporate actions to shareholders.

CASH DIVIDEND:The Board of Directors recommended a final cash dividend for the fiscal year ending on June 30, 2023, at a rate of Rs. NIL per share, which is equivalent to NIL%. This cash dividend is in addition to any interim dividends already paid at Rs. NIL per share, also equivalent to NIL%.

BONUS SHARES:In addition to the interim bonus shares already issued at NIL%, the Board of Directors recommended issuing bonus shares in the proportion of NIL share(s) for every NIL share(s) held, representing NIL% of the total shares.

RIGHT SHARES:The Board also recommended issuing NIL% right shares at par, at a discount, or at a premium of Rs. NIL per share. Shareholders will be entitled to receive NIL share(s) for every NIL share(s) held. The entitlement of right shares will be declared simultaneously with the bonus shares as mentioned above.

ANY OTHER ENTITLEMENT/CORPORATE ACTION:No other entitlements or corporate actions were recommended by the Board of Directors.

ANY OTHER...