Karachi, ABL Asset Management Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 14, 2023.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for half year ended December 31, 2023 which portrayed a profit of Rs. 431,144 with earnings per share 13 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
“ABL Asset Management Company Limited (ABL AMC) is a wholly owned subsidiary of Allied Bank Limited (ABL) with a paid up capital of Rs.500 Million. ABL Asset Management Company is licensed to undertake asset management and investment advisory services and aims to set the highest industry standards for integrity and quality of service through professional fund management of Mutual Funds. Allied Bank Limited, the parent concern of ABL AMC, is one of the oldest banks in Pakistan established in 1942 and privatized in 2004.
Since then ABL has come a long way in offering various technology based products and services, including real-time banking to its diversified clientele through its network of more than 800 online branches and 500 plus ATMs across Pakistan.”