Material Information of BIPL Securities Limited

Karachi, BIPL Securities Limited informed Pakistan Stock Exchange that the Board of Directors of the Company as its duly convened meeting held on June 28, 2021 has approved the transfer of 77,117,500/- shares (representing 77.12% shares capital) of the Company held by BankIslami Pakistan Limited to AKD Securities Limited.

BIPL Securities Limited was incorporated in Pakistan on October 24, 2000. BIPL Direct is the retail brokerage arm of BIPL Securities Ltd. that caters to the diverse needs of equity investors around the globe. BIPL Direct started its operation in 2004

The Company is a subsidiary of BankIslami Pakistan Limited, and is a TREC holder of the Pakistan Stock Exchange Limited and Corporate member of Pakistan Mercantile Exchange Limited. The Company is principally engaged in the business of stocks, money market, foreign exchange and commodity broking.

The number of shares the company has introduced are 100,000,000. The Earnings per share has increased in 2020 and is 0.94 compare to (0.12) in 2019. The profit after taxation in 2020 is 94,000,000 which was (11,941,000) in 2019.