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Change of President/ Chief Executive Officer of Apna Microfinance Bank Limited

Karachi, Apna Microfinance Bank Limited informed Pakistan Stock Exchange that Mr. Muhammad Gulistan Malik has resigned has ceased to be the President and Chief Executive Officer of the Company with effect from July 12, 2021 and Mr. Wajahat Malik has appointed as President/Chief Executive Officer till interim period.

Apna Microfinance Bank Limited was incorporated on May 08, 2003 as a public limited Bank. The Bank was granted certificate of commencement of business on December 28, 2004 and started its operations on January 01, 2005. The Bank’s principal business is to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001 and has been operating at National Level in Pakistan.

The shares of the Bank are listed on Pakistan Stock Exchange Limited and symbol “AMBL” is being used for the shares of the Bank.

The total number of shares the company has issued are 343,984,962. Earnings Per Share has decreased in 2020 and is 0.1 compared to 0.17 in 2019. The Profit After Taxation in 2020 is 37,219,000 which was 53,525,000 in 2019.