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    FNBM   PK0080301010

FIRST NATIONAL BANK MODARABA

(FNBM)
End-of-day quote The Pakistan Stock Exchange  -  2021-10-28
0.6400 PKR   -.--%
2022First National Bank Modaraba : Transmission of Quarterly Accounts for Period the ended Sep 30,2022
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First National Bank Modaraba : Transmission of Annual Accounts for Period ended Jun 30,2022

09/21/2022 | 03:50am EST

Annual Report

2022

First National Bank Modaraba

CONTENTS

Corporate Information

02

Notice of Annual Review Meeting & Book Closure

03

Vision and Mission Statement

04

Shari'ah Advisor's Report

05

Directors' Report

06

Statement of Compliance with Listed Companies

13

(Code of Corporate Governance) Regulations, 2019

Review Report on the Statement of Compliance Contained in Listed Companies

15

(Code of Corporate Governance) Regulations, 2019

Auditors' Report to the Certificate Holders

17

Balance Sheet

19

Profit and Loss Account

20

Statement of Comprehensive income

21

Cash Flow Statement

22

Statement of Changes in Equity

23

Notes to the Accounts

24

Pattern of Certificate Holding

53

01

Annual Report 2022

CORPORATE INFORMATION

Board of Directors*

Mr. Muhammad Imran Malik

Chairman

Mr. Rehmat Ali Hasnie

Director

Khawaja Waheed Raza

Director

Mr. Muhammad Iqbal Hussain

Director

Mr. Abbas Azam

CEO

Shari'ah Advisor

Mufti Ehsan Waquar Ahmed

Chief Financial Officer/

Farah Aslam

Company Secretary

Audit Committee

Mr. Muhammad Iqbal Hussain

Chairman

Khawaja Waheed Raza

Member

HR & Remuneration

Committee

Khawaja Waheed Raza

Chairman

Mr. Muhammad Iqbal Hussain

Member

Mr. Rehmat Ali Hasnie

Member

Auditors

CROWE HUSSAIN CHAUDHURY & CO.

Chartered Accountants

Bankers

National Bank of Pakistan

Bank Alfalah Limited

Al Baraka Islamic Bank

Habib Bank Limited

MCB Bank Limited

Bank Islami Pakistan Limited

Legal Advisor

Muhammad Aqeel Malik

Advocates Supreme Court

Aqeel & Associates, Advocate/Legal Consultants

Office No. 12, 1st Floor, Khawaja Arcade

Wahdat Road, Lahore

Tel.: 042-35462464

Shares Registrar

Hameed Majeed Associates (Pvt.) Limited

H. M. House, 7 - Bank Square, Lahore

Tel: 37235081-2, Fax: 37358817

Registered Office

Ground Floor, NBP-RHQ Building,

26 - McLagon Road, Lahore

Tel: 042-99211200, Fax: 042-99213247

URL: http://www.nbmodaraba.com

E-mail: info@nbmodaraba.com

  • NBP nominee Director Syed Jamal Baquar resigned during the year. Subsequent to the year end NBP has nominated Mr. Hakim Ali Laghari and Mr. Amir Faraz as its nominee Directors in place of Mr. Rehmat Ali Hasnie and Syed Jamal Baquar. Their nomination is subject to approval by Registrar Modaraba SECP.

02

First National Bank Modaraba

NOTICE OF 19TH ANNUAL REVIEW MEETING & BOOK CLOSURE

Notice is hereby given that the 19th Annual Review Meeting of certificate holders of First National Bank Modaraba will be held on Friday, October 21, 2022 at 11:00 a.m. at Ground Floor, NBP RHQs Building, 26 - McLagon Road, Lahore to review the performance of the Modaraba for the year ended June 30, 2022.

The Certificate Transfer Book will remain closed from October 14, 2022 to October 21, 2022 (both days inclusive) for the purpose of eligibility to attend the Annual Review Meeting.

The certificate holders whose names appear on the Register of Certificate Holders of First National Bank Modaraba at the close of business as on October 13, 2022 will be eligible to attend the Annual Review Meeting. All transfers received in order, up to the close of business on October 13, 2022 at our Registrar's Office, Hameed Majeed Associates (Pvt.) Limited, H.M House, 7 - Bank Square, Lahore will be considered in time.

By order of the Board

Farah Aslam

Company Secretary

National Bank Modaraba Management Company Limited

Managers of First National Bank Modaraba

Lahore: September 09, 2022

03

Annual Report 2022

Vision:

To offer Shariah complaint Islamic Financial Products in

the financial market so as to achieve optimum customer satisfaction

and develop sustainable business relationships.

Mission:

Promote an Islamic Financial Institution where values of management excellence, professionalism, human resource development are promoted such that interests of all stakeholders are safeguarded.

04

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

First National Bank Modaraba published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 07:49:08 UTC.


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Financials
Sales 2022 14,0 M 0,05 M 0,05 M
Net income 2022 2,61 M 0,01 M 0,01 M
Net Debt 2022 40,8 M 0,15 M 0,15 M
P/E ratio 2022 6,13x
Yield 2022 -
Capitalization 16,0 M 0,06 M 0,06 M
EV / Sales 2021 8,74x
EV / Sales 2022 4,05x
Nbr of Employees 11
Free-Float 42,0%
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