Karachi, Security Investment Bank Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 26, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2018 which portrayed a profit of Rs. 17,225,061 with earnings per share 0.335 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 April22, 2019 to April29, 2019 (both days inclusive).
T
Security Investment Bank Limited is a public limited company
incorporated in Pakistan under the Companies Ordinance, 1984. The bank was
incorporated in Pakistan on May 23rd, 1991. It started its commercial operation
on 31 December 1991. It is licensed to carry out business of investment finance
services as a Non-Banking Finance Company under section 282C of the Companies
Ordinance, 1984 and the Non-Banking Finance Companies Rules, 2003 issued by the
Securities and Exchange Commission of Pakistan as amended through SRO 1131 (I)
/2007 dated 21 November 2007 and Non-Banking Finance Companies and Notified
Entities Regulations 2008. The registered office of the company is located in
Islamabad. The shares of the company are quoted on the Karachi, Lahore and
Islamabad Stock Exchanges of Pakistan.
The bank is active in the money market activities. These activities include
making short-term investments in government securities, shares, lending,
borrowing, placements, promissory notes, banker’s acceptance and other money
market instruments.
The symbol “SIBL” is being used by the stock exchange for the shares of
Security Investment Bank Limited.
