Karachi, MCB Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 11, 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. 7,952,598 and Rs. 7,970,910 with earnings per share 6.71 and 6.64 basic and diluted respectively.
Further, 45% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 13, 2021 to September 20, 2021 (both days inclusive).
MCB Bank Limited is a Public Limited Company, incorporated in Pakistan. The Bank engages in the provision of commercial banking and related services.
The total number of shares are 1,185,060,006. The Earnings per share of the Company is 24.50 in 2020 which was 20.23 in 2019. The Profit after Taxation is 29,037,301,000 in 2020 which was 23,976,839,000 in 2019.