Modaraba Al-Mali Announces Right Issue and Book Closure.

Karachi -- Modaraba Al-Mali has announced its decision to issue further capital through a right issue. The Board of Directors reached this resolution during their meeting held on March 29th, 2023. The right issue entails offering 11,392,970 modaraba certificates at a price of Rs. 10/- per certificate, totaling Rs. 908,169,150/-.

Under this offering, shareholders will have the opportunity to purchase 14.34 right modaraba certificates for every 100 existing modaraba certificates they hold, each valued at Rs. 10/-. These newly issued certificates will enjoy equal rights and privileges as the existing certificates.

To facilitate this process, the Share Transfer Books of Modaraba...