First Dawood Investment Bank Limited (FDIB) was incorporated on June 22, 1994 as Dawood Leasing Company Limited, with a paid up capital of Rs. 250 million. It is listed on the Karachi Stock Exchange in Pakistan. Against the public offering of Rs. 95 million, the company received a subscription of over Rs. 140 million despite bearish market conditions at the time of floatation. After thirteen years of business operations, we have achieved a balance sheet size of over Rs. 12.22 billion. The profit after taxation for the year ended June 30, 2007 is reported as Rs. 179.52 million. |