Meezan Bank Ltd. Reports Substantial Year-End Results

Karachi, Meezan Bank Ltd. (MEBL), a major player in the Islamic banking sector, announced a daily weighted average rate of Rs. 166.60 for the fiscal year ending December 2023. The bank’s paid-up capital is Rs. 17,912.53 million. Meezan Bank declared an 85% dividend and a 10% bonus, followed by a 120% interim dividend. Listed in 2000, the bank’s share price ranged from a high of Rs. 178.98 to a low of Rs. 82.42, with a turnover of 418,600,455 shares. The EPS recorded was Rs. 25.15*.