Karachi, Samba Bank Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 738,853 with earnings per share 0.73 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 March21, 2018 to March27, 2018 (both days inclusive).
Samba Bank Limited is a banking company incorporated in Pakistan. It is engaged in the business of commercial banking and other related services. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia, which holds 80.68% shares of the Bank as at December 31, 2012. The registered office of the company is located in Karachi. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The businesses of the bank include providing corporate banking, investment banking, treasury and transactional services to its customers.
The symbol “SBL” is being used by the stock exchanges for the shares of Samba Bank Limited.