Karachi, Askari Bank Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on February 26, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 5,267,887 and Rs. 5,128,297 with unconsolidated earnings per share 4.18 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March22, 2018 to March30, 2018 (both days inclusive).
Askari Bank Limited was incorporated in Pakistan on October 9, 1991, as a public limited company and commenced its operation on April 1, 1992. The company is engaged in the business of banking defined in the Banking Companies Ordinance, 1962. The branch networks of the bank also include Islamic and agricultural banking. The registered office of the bank is located in Rawalpindi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The bank has more than 240 branches located all over Pakistan. The products and services which the bank provides to its customers include agricultural banking, branch banking, consumer banking, corporate banking and Islamic banking services.
The symbol “AKBL” is being used by the stock exchange for the shares of Askari Bank Limited.