Karachi, Bank Alfalah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 47.70 per share were sold in the market on March 22, 2019 through CDC.
Bank Alfalah Limited was incorporated as a public limited company
on June 21, 1992. The foundations of the bank are laid under the Companies
Ordinance 1984. The banking operations of the company commenced from November
1, 1997. The bank is owned and operated by the Abu Dhabi Group and does
business through a network of over 500 branches in more than 170 cities in
Pakistan. The bank has an international presence in Afghanistan, Bangladesh,
Bahrain and a representative office in the UAE. The shares of the bank are quoted
on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. The
registered office of the company is located in Karachi.
The core operations of the bank are providing financial solutions to consumers,
corporations, institutions and governments through a broad spectrum of products
and services, including corporate and investment banking, consumer banking and
credit, commercial, SME, agri-finance, Islamic and asset financing.
The symbol “BAFL” is being used by the stock exchanges for the shares of Bank
Al-Falah Limited.
