Karachi, Faysal Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 16, 2021.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 1,916,582 and Rs. 1,953,044 with earnings per share 1.26 and 1.29 basic and diluted respectively.
Further, 5%payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 15, 2021 to September 22, 2021 (both days inclusive).
The Bank was incorporated in Pakistan on October 03, 1994 as a Public Limited Company. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Faysal Bank’s footprint now spreads over more than 200 cities.
The bank provides products to its customers in the field of personal and business banking. This includes deposits products, retail services, lending and insurance solutions. In the business banking the services related to corporate and agri solutions are provided. The Bank’s branch network of 555 branches includes 414 Islamic branches and 141 conventional branches.
The shares of the Bank are 1,517,696,526. The Earnings per shares of the Company is 4.29 in 2020 which was 3.98 in 2019. The Company had a Profit of Rs. 6,510,505,000 in 2020 which was 6,040,632,000 in 2019.