July 05, 2023 (MLN): First Punjab Modaraba (PSX: FPJM) has sold its 100% shareholding in a wholly owned subsidiary namely Punjab Capital Securities (Pvt) Limited to The Bank of Punjab (PSX: BOP) at a price of Rs85.487 million, the company's filing on the bourse showed.
BOP is the parent bank of FPJM.
FPJM is a perpetual, multi-purpose, and multi-dimensional modaraba and is primarily engaged in the business of ijarah, musharika and morabaha financing, equity investment, and other related business in accordance with the injunctions of Islam.
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Posted on:2023-07-05T14:39:32+05:00
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