First Elite Capital Modaraba
PPSX:FECM18.00
PKR
+0.07
(+0.39%)
First Elite Capital Modaraba
PSX:FECM
(Pakistan Stock Exchange)
Recent
price
18.00
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- First Elite Capital Modaraba is a Pakistan-based Islamic financial institution primarily engaged in the provision of Sharia-compliant financing solutions, investments in marketable securities, and diversified commercial operations. Floated in September 1991 and managed by Crescent Modaraba Management Company Limited, the entity operates as a perpetual, multipurpose, and multidimensional Modaraba under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, with its headquarters located in Lahore, Pakistan. The company operates through distinct business segments comprising Islamic Financing, Investment Management, and Agro-Commercial ventures. Its core financial products and service portfolio include Ijarah financing for industrial plant, machinery, commercial vehicles, and equipment; Murabahah facilities for working capital, procurement, and cost-plus trade financing; Musharakah arrangements based on profit-and-loss sharing for corporate and small-to-medium enterprise (SME) clients; equity portfolio management involving trading and long-term holdings in listed equities and mutual funds on the Pakistan Stock Exchange; and micro-credit financing solutions tailored to individual and commercial borrowers. In terms of recent major operational changes and strategic developments, First Elite Capital Modaraba has diversified its revenue streams beyond traditional financial intermediation by expanding into the livestock sector with a dedicated calf-fattening business venture, while concurrently streamlining its credit underwriting criteria, enhancing recovery mechanisms for legacy financing facilities, and optimizing its equity investment portfolio in response to prevailing macroeconomic conditions and regulatory guidelines set by the Securities and Exchange Commission of Pakistan.