Bank Al-Falah Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Abu Dhabi on February 26, 2015.
The agenda of the meeting was discussion of un-audited interim profit and loss account for year ended December 31, 2014 which portrayed a profit of Rs. 5,640,851,000 and earnings per share 4.09 basic and 4.08 diluted. 20% i.e. Rs. 2 per share payment of cash dividend and nil payment of bonus shares and right shares was agreed.
The annual general meeting of the company is scheduled to be held on March 27, 2015 at the registered office of the company in Karachi.
Further, the share transfer books of the company will remain closed from March 20, 2015 to March 27, 2015 (both days inclusive). The announcement is available athttp://
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.