First Habib Modarba to initiate certificate value change to Rs10 per share

MG News | January 30, 2024 at 02:52 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 30, 2024 (MLN): The Board of Directors of Habib Metropolitan Modarba Management Company (Private) Limited, the management company of First Habib Modarba (PSX: FHAM), has passed a resolution dated January 30, 2024, to change the value of FHM's Modarba Certificate from Rs5/- each to Rs10/- each.

This information was disseminated by FHAM through a notice to the local bourse today.

This will be achieved by consolidating two Modarba Certificates into one and convening a meeting of the Modarba Certificate Holders of FHM to seek approval from the Modarba Certificate Holders for the consolidation of the Modarba Certificate.

FHM will accordingly be issuing the notice for the extraordinary general meeting in due course.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,703.60 186.64M	0.16% 276.16
ALLSHR	102,604.53 769.92M	0.15% 153.59
KSE30	50,591.33 89.05M	0.26% 133.49
KMI30	242,499.84 88.34M	0.17% 407.02
KMIALLSHR	66,609.21 384.86M	0.10% 66.64
BKTi	46,200.65 17.30M	0.50% 229.92
OGTi	34,887.62 6.26M	0.09% 32.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,385.00	63,740.00 63,385.00	-290.00 -0.46%
BRENT CRUDE	89.13	95.50 88.44	-3.97 -4.26%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	132.75	134.25 132.75	-1.45 -1.08%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	85.82	86.64 85.13	-1.89 -2.15%
SUGAR #11 WORLD	13.81	14.02 13.77	-0.11 -0.79%