Wasl Mobility Modaraba (WASL)

Wasl Mobility Modaraba clarified in response to a PSX inquiry that it is not aware of any undisclosed matters or developments that could explain the recent unusual movement in the volume of its certificates.

Wasl Mobility Modaraba has successfully fully subscribed its right issue of 31,325,724 certificates, raising a total of PKR 150,144,194. The company has requested the Pakistan Stock Exchange to issue a No Objection Certificate (NOC) to release the subscription funds from the designated bank account.

Wasl Mobility Modaraba has received approval from the Securities and Exchange Commission of Pakistan (SECP) to allot 26,483,210 unsubscribed right issue certificates at a price of PKR 4.74 per certificate, totaling PKR 125,547,512.