Allied Bank Limited Announces Robust Annual Financial Results and Dividend

Karachi, Allied Bank Limited (ABL) has disclosed its financial results for the year ended December 31, 2023, showcasing strong performance with unconsolidated before-tax profits of PKR 85,757.170 million and after-tax profits of PKR 40,682.987 million. The bank has declared a final dividend of 40% (F), translating to earnings per share (EPS) of PKR 35.53. The Annual General Meeting (AGM) is scheduled for March 28, 2024, at 11:00 AM, with the books closing from March 21 to March 28, 2024. Additionally, consolidated financials were also released, indicating a slightly higher before-tax profit of PKR 86,808.959 million and an after-tax profit of PKR 41,301.364 million, leading to an EPS of PKR 36.07.