Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange that, the companies are required to replace their physical shares with book-entry-form within a period not exceeding four years from the date of the promulgation of the Act. The Securities & Exchange Commission of Pakistan (‘SECP’), vide their letter File No. CSD/ED/Misc./2016-639-640 dated 26th March, 2021, has advised all listed companies to pursue their shareholders who still hold their shares in physical form for converting the same into book-entry-form.
Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.
They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.
The symbol “BAFL” is used in respect of the shares of the Bank.
The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.