Material Information of Arif Habib Limited

Karachi, Arif Habib Limited informed Pakistan Stock Exchange that Saudi National Bank (i.e. the seller) has informed that it will continue to retain its existing equity stake in the Target and, accordingly, has decided to discontinue the process for the sale of its stake in the Target. Resultantly, since negotiations to acquire the voting shares of the Target have been discontinued (based on the seller’s decision), the Acquirers hereby withdraw the POI under Regulation 21 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Arif Habib Limited is a public listed company incorporated in Pakistan. It is a premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research, and listed at Pakistan Stock Exchange.

Arif Habib Limited’s brokerage operations in Pakistan are assisting scores of Institutional, Corporate, and High Net Worth and Retail clients.

The principal activities of the Company are investments, share brokerage, inter-bank brokerage, Initial Public Offer (IPO) underwriting, advisory and consultancy services. The shares of the Company are quoted in Pakistan Stock Exchange, and the symbol “AHL” is used for the shares of the Company.

The total number of shares the company has issued are 59,400,000 where the Earnings Per Share in 2020 is 1.00 which was (0.95) in 2019. The Profit After Taxation has increased in 2020 and is 59,856,000 which was (62,461,000) in 2019.