Karachi, Arif Habib Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 30, 2021.
The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 2,104,323,474 and Rs. 2,084,005,193 with earnings per share 35.43 and 35.08 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 18, 2021 to September 25, 2021 (both days inclusive).
Arif Habib Limited is a public listed company incorporated in Pakistan under the Companies Ordinance, 1984. It was initially incorporated as an unquoted public limited company wholly owned by Arif Habib Corporation Limited. The company is engaged in providing brokerage and corporate finance services to a large number of institutional, corporate, high net worth individuals and retail clients. The shares are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The parent company holds 69% shares of the company and offered its 25% share holding in the company to general public and obtained listing on the Karachi Stock Exchange Limited on January 31, 2007. The company is holder of Trading Right Entitlement Certificate of Karachi, Lahore and Islamabad Stock Exchanges. The principal activities of the company are Investments in a mix of listed and unlisted equity and debt securities and reverse repurchase transactions, share brokerage, interbank brokerage, initial public offer underwriting, advisory and consultancy services.
The symbol “AHL” is being used by the stock exchanges for the shares of Arif Habib Limited.