First Habib Modaraba Announces 21 Percent Cash Dividend

The Board of Directors in their meeting held on August 8, 2024, announced the cash dividend of 21 percent i.e. Rs.2.10 per certificate of Rs.10/-each.

 PACRA CREDIT RATING

According to press release dated September 20, 2024, Pakistan Credit Rating Agency Limited “PACRA” maintained rating scale of Frist Habib Modaraba (FHM) as AA+ for long-term and A1+ for short term for the year ended June 30, 2024. These ratings reflect First Habib Modaraba’s strong business profile emanating from healthy asset base, sound asset quality and sustained profitability.These ratings denote a very low expectation of credit risk and Indicate very strong capacity for timely payment of financial commitments