Meezan Bank announces Rs 10.94 bn profit for 9 months.

KARACHI -- Meezan Bank Limited posted after-tax profit of Rs 10.94 billion for nine months period ending September 30, 2019. This was declared in a meeting of Board of Directors of the bank, which approved the condensed interim unconsolidated financial statements and consolidated financial statements of the bank for the nine months period. The meeting was presided by Chairman of the board, Riyadh S.A. A. Edrees, said a press release on Friday. The board also approved 10% interim cash dividend at Re. 1 per share for the third quarter of 2019 bringing the total dividend payout for the nine months to Rs 3 per share (30%) as Rs 2.0 per share i.e. 20% cash dividend along with 10 percent bonus shares were already approved during the...