Karachi, Apna Microfinance Bank Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 26, 2019 at Karachi.
The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on June 20, 2018, to receive, consider and adopt the Annual Audited Financial Statements for the year ended December 31, 2018 together with the Directors and Auditors Reports thereon, To review, consider and re-appointment of M/S Ilyas Saeed & Co. Chartered Accountants as auditors of the bank for the year ending December 31, 2019 as proposed by the Board of Directors and to fix their remuneration, To review, consider and approved the revision in Directors’ remuneration and To transact any other business with the permission of the chair.
Further, the closed period of the company is from April 20, 2019 to April 26, 2019 (both days inclusive).
Apna Microfinance Bank Limited was incorporated in Pakistan on May
8, 2003 as a public limited company. The commencement certificate of the
company was issued in December 28, 2004. The operations of the business started
from January 1, 2005. The foundations of the company are formed under the
Companies Act, 1913 now the Companies Ordinance, 1984. The principal business
activity of the bank is to provide microfinance services to the poor and
underserved segment of the society as envisaged under the Microfinance Institutions
Ordinance, 2001. The registered office of the company is located in Karachi.
The shares of the company are quoted on Karachi Stock Exchange of Pakistan.
The Bank operates 11 branches as at June 30, 2013 and is licensed to operate on district level. The products of the bank include providing finances, advances and other credit facilities for the development of the society. Through this the savings are mobilized and other specialized deposit products are also improved with time.
The symbol “AMBL” is being used by the stock exchanges for the shares of Apna Microfinance Bank Limited.