Askari Bank’s performance lauded by shareholders

Askari Bank’s shareholders 25th Annual General Meeting was held on Friday. The shareholders approved annual audited financial statements of the Bank for 2016 and final cash dividend of Rs1.5 per share.

The Bank’s performance was lauded by the shareholders. The shareholders also elected 10 directors for the next term of three years including 4 new directors namely Justice (R) Sarmad Jalal Osmany, Mr. Kamal A. Chinoy, Mr. Mushtaq Malik and Syed Ahmed Iqbal Ashraf. Addressing the shareholders, the Chairman of the Board Lt Gen Khalid Nawaz Khan (Retd) welcomed the new directors and thanked the outgoing directors who were not re-elected upon completion of their tenure. Askari Bank’s President Syed M. Husaini who was earlier reappointed till June 2019 also thanked the shareholders for their active participation at the general meeting.

Published in Pakistan Observer, April 1st,2017