Karachi, United Bank Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on March 29, 2022 at Islamabad.
The agenda of the meeting will be confirming the minutes of Annual General Meeting held on August 06, 2021, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2021 together with the Directors and Auditors Reports thereon, to consider and, if thought fit, approve as recommended by the Board of Directors, final cash Dividend at the rate of Rs. 1.50 per share i.e. 15% in addition to Rs. 4.50 per share i.e. 45% interim cash Dividend already declared/paid along with 15% Bonus Shares for the year December 31, 2021, to appoint auditors for the year ending December 31, 2021 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from March 22, 2022 to March 29, 2022 (both days inclusive).
United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.
With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.
The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.