Commercial Credit Report for First Fidelity Leasing Modaraba

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	First Fidelity Leasing Modaraba
Ground Floor 93
B-1, Canal Bank, Gulberg-II
Phone: +92 4235713461p:+92 4235713461	LAHORE, 54000 Pakistan	Ticker: FFLMFFLM

Business Summary

First Fidelity Leasing Modaraba is engaged in the business of leasing, musharaka and murabaha financing, equity investment and other related business. Its segments include Murabaha finances, which is engaged in the sale of goods under Murabaha arrangements, and Ijarah Finances, which is engaged in giving the right to the benefit of using an asset for consideration. Its services include Murabaha, which is a contract in which the client requests the Modaraba to purchase for him a certain commodity at a specific cash price with a written promise to purchase such commodity from the Modaraba at an agreed price, including profit margin called mark up and Ijara (leasing) financing, the contract takes the form of an order by the Client (Lessee) to the Modaraba, requesting the Modaraba to purchase vehicle, plant and machinery, office equipment, furniture and fixture, and office buildings, among others, promising at the same time, to get it leased from the Modaraba after it has been purchased.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	6/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
6159	Miscellaneous business credit institutions
6211	Security brokers, dealers, and flotation companies

Officers and Directors

Title	Name	Age	Title Date	Start Date
Non-Executive Chairman of the Board	Siyyid TahirNawazish
Chief Executive Officer, Executive Director	Wasim-ul-HaqOsmani
Chief Financial Officer, Company Secretary	MohammedWaheed
Non-Executive Director	Sheikh MuhammadNasim
Independent Director	Abdul HameedKiayani

General Information

Outstanding Shares:	26,413,804	(As of 9/30/2023)
Stock Exchange:	PSX
Fax Number:	+92 4235759122

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