Faysal Bank Announces Significant Dividend Increase Amid Strong Earnings

Karachi, Faysal Bank Limited (FABL), a prominent player in Pakistan’s banking sector, has reported a notable increase in its earnings per share (EPS) for the January-March 2024 period, reaching Rs 28.5 compared to its previous years. According to the latest financial announcements on the Pakistan Stock Exchange, the bank’s daily weighted average rate stood at Rs 37.36 with a high rate of Rs 36.72. Faysal Bank, with a paid-up capital of Rs 15,176.97 million, has declared a 40% distribution for 2024, up from 70% in the previous year, reflecting its strong financial performance. The bank, which was listed in 1995, maintains a par value of Rs 10 and a market lot of 1.