Karachi, Bank AL-Habib Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 15, 2023.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2023 which portrayed a profit of Rs. 16,570,229 and Rs. 16,686,304 with earnings per share 14.91 and 15.01 basic and diluted respectively.
Further, 70% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March 14, 2023 to March 21, 2023 (both days inclusive).
“Bank Al-Habib Limited was incorporated in Pakistan on October 15, 1991 as a Public Limited Company where they started banking operations in 1992. Bank Al-Habib is sponsored by Dawood Habib Group. The Bank is scheduled and principally engaged in the business of commercial banking.
The Bank is listed on Pakistan Stock Exchange, and the shares are also quoted in it. The symbol “BAHL” is used for the shares of the Bank.
The number of shares the company has introduced are 1,111,425,419. The Earnings per shares has increased in 2020 and is 16.03 which was 10.05 in 2019. The profit after taxation in 2020 is 17,811,536,000 which was 11,168,736,000 in 2019.”