Karachi: Meezan Bank Limited has announced the successful completion of its Employees Share Option Scheme (ESOS), resulting in the allocation of 6,541,796 shares to eligible employees. The shares were credited to the respective CDC-sub accounts on July 8, 2026, following the fulfillment of various vesting periods.

The bank's announcement dated July 9, 2026, stated that the First Vesting Period of 2024, the Second Vesting Period of 2023, and the Third Vesting Period of 2022 were concluded by May 31, 2026. These vesting periods are part of a structured plan approved by the Securities & Exchange Commission of Pakistan (SECP) as per its letter dated April 21, 2021.

The allocation included 1,900,507 shares from ESOS 2022 Tranche 3, 2,335,387 shares from ESOS 2023 Tranche 2, and 2,305,902 shares from ESOS 2024 Tranche 1. According to information available from the Pakistan Stock Exchange (PSX), this allotment was executed without a right offer under Section 83A of the Companies Act, 2017.

With this share issuance, the paid-up capital of Meezan Bank has increased to Rs. 18.07 billion, divided into 1.81 billion ordinary shares, each valued at Rs. 10. An auditor's certificate from A.F. Ferguson & Co., dated July 7, 2026, corroborates the updated paid-up capital figures.

The bank's market category remains unchanged, continuing its operations within the financial services sector.