Karachi, Meezan Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 12, 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. 6,506,729 and Rs. 6,774,973 with earnings per share 4.50 and 4.72 basic and diluted respectively.
Further, 15% payment of cash dividend, 15% bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 13, 2021 to September 17, 2021 (both days inclusive).
The Bank was granted a ‘Scheduled Islamic Commercial Bank license on January 31, 2000 and formally commenced operations as a Scheduled Islamic Commercial Bank with effect from March 20, 2002. It is engaged in corporate, commercial, consumer, investment and retail banking activities.
The total number of shares are 1,414,722,747. The Earnings per shares of the Company is 15.67 in 2020 which was 10.77 in 20190. The Profit after Taxation of the Company is 22,165,606,000 in 2020 which was 15,232,074,000 in 2019.