Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2022.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 3,684,530 and 3,725,598 with earnings per share 2.08 and 2.10 basic and diluted respectively.
Further, 25% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from August 12, 2022 to August 16, 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.