Karachi, First Credit and Investment Bank Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on October 28, 2022 at Lahore.
“Resolved that the Annual Audited Accounts of the company for the year ended June 30, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
First Credit and Investment Bank Limited was incorporated on August 31, 1989 as a Private Company Limited with its Liability Limited by shares and was subsequently converted into a Public Company.
The Investment Bank is licensed to undertake business of investment finance services as a Non‐Banking Finance Company under the Non‐Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan (SECP).
The Shares of the Company are 65,000,000. The Earnings per shares of the company is 0.44 in 2020 which was 0.15 in 2019. Their Profit after Taxation is 28,703,000 in 2020 which was 9,517,000 in 2019.