Allied Bank Limited held its 70th Annual General Meeting (AGM) on Monday, March 28, 2016 at Pearl Continental Hotel, Lahore. The meeting was chaired by Mohammad Naeem Mukhtar, Chairman of Board of Directors and attended by other Directors of the Bank, its Senior Executives, Institutional Investors, Individual Shareholders, and External Auditors.
In the said meeting, Annual Audited Financial Statements (consolidated and unconsolidated) of the Bank for the period ended December 31, 2015 together with Directors’ and Auditors’ Report thereon as approved by the Board of Directors were considered, received and adopted.
Further, in addition to interim cash dividend of 52.50% (i.e. Rs. 5.25 per share) which had already been paid, the final cash dividend @ 17.50% (i.e. Rs. 1.75 per share) for the year ended December 31, 2015 was approved to be paid to the shareholders of the Bank whose names appeared in the Register of Members as at the close of business on March 21, 2016. Thus, increasing the total cash payout for the year 2015 to 70% i.e. Rs.7.00 per share.