Peshawar: The Bank of Khyber convened its 35th Annual General Meeting on March 30, 2026, where significant resolutions were passed, marking a pivotal moment for the bank and its stakeholders. The meeting, held at the bank’s head office in BOK Tower, Peshawar Cantt, addressed both ordinary and special business matters.
The meeting commenced with the confirmation of the minutes from the previous year’s AGM, held on March 28, 2025. Shareholders unanimously resolved to approve these minutes, ensuring continuity in the bank’s governance.
The shareholders then proceeded to review and adopt the bank’s Annual Audited Financial Statements for the year ended December 31, 2025. The statements were presented alongside the Directors’ and Auditors’ Reports, providing a comprehensive overview of the bank’s financial health and strategic direction. The shareholders acknowledged the bank’s performance and endorsed the financial documents presented.
A key agenda item was the appointment of auditors for the upcoming financial year. M/s. PwC A.F. Ferguson & Co., Chartered Accountants, who served as the bank’s auditors, were reappointed for the year ending December 31, 2026. The resolution included a 10% increase in their remuneration, reflecting the bank’s commitment to maintaining high standards in its financial auditing processes.
Shareholders also approved a Final Cash Dividend of Rupees 1.70 per share, equating to a 17% dividend for the year ended December 31, 2025. This final dividend is supplementary to the interim dividend of Rupees 1.50 per share (15%) that was previously disbursed, reinforcing the bank’s favorable financial standing and its dedication to rewarding its shareholders.
In terms of special business, the shareholders ratified a capital injection of PKR 1 billion into the BOK Currency Exchange Company (Pvt) Limited. This move aligns with the Regulatory Framework for Exchange Companies (RFEC) and underscores the bank’s strategic initiatives to bolster its subsidiary’s capital structure.
According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect the bank’s strategic efforts to enhance shareholder value and ensure robust financial governance.
The resolutions passed during this AGM are expected to influence the bank’s strategic trajectory positively, as it continues to navigate the complex financial landscape of Pakistan’s banking sector.