Re-Election of Chairman of Soneri Bank Limited

Karachi, Soneri Bank Limited informed Pakistan Stock Exchange that Mr. Alauddin J. Feerasta have re-elected as Chairman of the Board of Directors of the Company in their meeting held on March 27, 2023.

Soneri Bank Limited is a full-service commercial bank established on September 28th, 1991 and also incorporated on September 28, 1991 as a public listed company. The key areas of operation are Branch Banking, Corporate & Investment Banking, Treasury, SME, Financial Institutions and Islamic Banking. Our Soneri Mustaqeem Islamic Banking Division is expanding at a fast-pace with currently 35 dedicated branches and Islamic Banking windows operating all across Pakistan.

The Company is listed on Pakistan Stock Exchange Limited with the total number of shares of the Company that is 1,102,463,503. The Earnings per shares of the Company is 2.18 in 2020 which was 1.73 in 2019. The Profit after taxation in 2020 is Rs. 2,400,272,000 which was 1,906,024,000 in 2019