Awwal Modaraba Management Limited announced that Mr. Ayyaz Ahmad resigned from the board of directors of the company with effect from August 10, 2017 and Mr. Kahlid Aziz Mirza has been appointed as Director in place of Ayyaz Ahmad with effect from August 10, 2017.
Awwal Modaraba Management Limited is a Pakistan-based company, which is primarily engaged in providing working capital, term finance, Ijarah, Musharika, Morabaha, and other Shariah-compliant investment / instrument to credit worthy customers. It provides a range of advisory services and financial support, through Sharia-compliant modes to viable projects in high growth, capital-starved sectors of the economy. The Company is wholly owned by Pak Brunei Investment Company Limited.