Resolution passed in annual general meeting of Askari Bank Limited

Karachi, Askari Bank Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 24, 2023 at Islamabad.

“Resolved that to receive, consider and adopt the Annual Audited Accounts of the Bank for the year ended December 31, 2022, together with the Reports of the Directors and Auditors thereon.”

“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”

Askari Bank Limited was incorporated in Pakistan in 1991, as a Public Limited Company. The commenced operation of the Company on April 01, 1992. The bank is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962.

Askari Bank Limited is listed on Pakistan Stock Exchange, and the shares of the Company are quoted in Pakistan Stock Exchange, with the symbol “AKBL” of the Company.

The total number of shares the company has issued are 1,260,260,180. Earnings Per Share in 2020 is 8.57 which was 5.57 in 2019. The Profit After Taxation has increased in 2020 and is 10,800,375,000 whereas it was 7,017,022,000 in 2019.