Annual general meeting of Habib Bank Limited to be held on March 26, 2021.

Karachi -- Habib Bank Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on March 26, 2021 at Karachi.

The agenda of the meeting will to receive, consider and adopt the Audited Accounts (consolidated and unconsolidated) of the Bank for the year ended December 31,2020, together with the Reports of the Directors and Auditors thereon, to approve payment of a Final Cash Dividend of Rs. 3 per share, i.e. 30% for the year ended December 31, 2020, as recommended by the Board of Directors to Shareholders as at close of business on March 19, 2021, which is in addition to the 12.5% Interim Cash Dividend (i.e. Rs. 1.25 per share) already paid and to elect seven Directors of the Bank, as fixed by the Board under the provisions of section 159 of the Companies Act, 2017 for a period of 3 years commencing from March 27, 2021.

Further, the closed period of the company is from March 20, 2021 to March 26, 2021 (both days inclusive).

The announcement is available at:

Habib Bank Limited is incorporated in Pakistan as a commercial bank in 1947 and the foundations of the company are laid under the Banking Ordinance of Pakistan and Companies Ordinance, 1984. The company is engaged in the business of commercial banking, modaraba management and asset management related services in Pakistan and overseas. The shares of the bank are quoted on the Karachi, Lahore and...

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