Karachi, Allied Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 25, 2021.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 179,712 respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Allied Bank Limited incorporated in Pakistan, is a scheduled bank, engaged in commercial banking and related services. Allied Bank Limited is one of the largest commercial bank of Pakistan and is a subsidiary of Ibrahim Group with more than 1400 branches and ATMs facilities.
The Shares of the bank are listed on Pakistan Stock Exchange, and the symbol “ABL” is being used for the shares of Allied Bank Limited.
The total number of Shares Allied Bank Limited has issued are 1,145,073,830. The Earnings per shares in 2020 is 15.75 which was 12.32 in 2019. The profit after tax in 2020 is 18,029,457,000 which was 14,112,911,000 in 2019.