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Appointment of President and Chief Executive Officer of Askari Bank Limited

Karachi, Askari Bank Limited informed Pakistan Stock Exchange that the board of Directors of the Bank, in its meeting held on July 28, 2021, had decided to appoint Mr. Atif R. Bokhari as the new President and Chief Executive Officer of the Bank, for a term of three years to commence from September 1, 2021, subject to approval of state bank o Pakistan and Compliance with all applicable laws, rules and regulations.

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.