73rd Annual General Meeting (AGM) of Allied Bank Limited held today (March 28, 2019) at Pearl Continental Hotel Lahore was attended by the Chairman, Directors, CEO, good number of shareholders and some executives of the Bank. The AGM was also attended by representatives of Bank’s External Auditors M/s. KPMG Taseer Hadi & Company.
In the Meeting, the Shareholders adopted Consolidated and Unconsolidated Annual Financial Statements of the Bank for the year ended December 31, 2018 without any change as approved by the Board of Directors in its 237th meeting held on February 13, 2019. The Annual Financials Statements of the Bank were circulated on March 06, 2019 to all shareholders along with Notice of 73rd AGM and are already available on Bank’s website.
Besides, adoption of the Financial Statements, the shareholders also approved Final Cash Dividend of Rs. 2.00 per share (i.e. 20%) in addition to Rs. 6.00( i.e. 60%) interim cash dividend already paid to Bank’s shareholders for the year 2018. Shareholders also approved re-appointment of Bank’s External Auditors for domestic and overseas operations as well as gave their post facto approval for upward revision in the Directors’ fee for attending Board and its Sub-Committees meetings.