Extraordinary general meeting of Bank Al-Falah Limited

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange that the resolution was passed by the shareholders of the Bank in their extraordinary general meeting held on December 06, 2022 at Karachi.

Resolved that the minutes of the Annual General Meeting of the Bank held on March 29, 2022 at Karachi, be and are hereby confirmed.

Resolved that leave of absence be and is hereby granted to H.H. Sheikh Nahayan Mabarak Al Nahayan; Mr. Abdulla Nasser Hawaileel Al Mansoori and Mr. Abdullah Khalil Al Mutawa, Directors of Bank Alfalah Limited to attend the Extra Ordinary General Meeting of the Bank being held on 6th December 2022.

Further, the closed period of the company is from December 21, 2022 to December 28, 2022 (both days inclusive).

“Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.”