Pakistan Company News – Material Information of Askari Bank Limited

Material Information of Askari Bank Limited

Karachi, Askari Bank Limitedinformed Pakistan Stock Exchange that Mr. AbidSattar has assumed the office of President and Chief Executive of the Bank with effect from August 09, 2018.

Askari Bank Limited was incorporated in Pakistan on October 9, 1991, as a public limited company and commenced its operation on April 1, 1992. The company is engaged in the business of banking defined in the Banking Companies Ordinance, 1962. The branch networks of the bank also include Islamic and agricultural banking. The registered office of the bank is located in Rawalpindi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The bank has more than 240 branches located all over Pakistan. The products and services which the bank provides to its customers include agricultural banking, branch banking, consumer banking, corporate banking and Islamic banking services.

The symbol “AKBL” is being used by the stock exchange for the shares of Askari Bank Limited.