Company Meezan Bank Limited

Equities

MEBL

PK0077401013

Banks

End-of-day quote Pakistan S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
217.5 PKR +0.83% Intraday chart for Meezan Bank Limited -0.68% +34.80%

Business Summary

Meezan Bank Limited (the Bank) is a Pakistan-based scheduled Islamic commercial bank. The Bank is engaged in corporate, commercial, consumer, investment and retail banking activities. The Bank has approximately 983 branches. The Bank's products and services include deposit products, alternate distribution channels, branchless banking, priority banking, consumer financing, transaction banking and financing products. Its deposit products include Meezan Rupee, Meezan Asaan, Meezan Express, Meezan Kids Club, Meezan Teen Club, Meezan Senior Citizen, Meezan Labbaik, Meezan Kafalah and Meezan Bachat. Its alternate distribution channels include Meezan Mobile Banking App, Meezan Internet banking, SMS alerts, SMS banking, Meezan Visa Debit Cards and Meezan Mastercard Debit Cards. The Bank's financing products include Murabaha, Musawamah, Istisna, Commodity Salam, Tijarah and Diminishing Musharakah. Its consumer financing includes Car Ijarah, Meezan Apni Bike and Meezan Roshan Apna Ghar.

Number of employees: 14,220

Sales per Business

PKR in Million2022Weight2023Weight Delta
Retail Banking
84.0 %
207,649 82.3 % 384,422 84.0 % +85.13%
Inter-segment Eliminations
-81.0 %
-196,840 -78.0 % -370,662 -81.0 % +88.31%
Trading and Sales
57.8 %
145,026 57.5 % 264,238 57.8 % +82.20%
Corporate and Commercial Banking
36.8 %
88,441 35.1 % 168,301 36.8 % +90.30%
Others
2.0 %
6,582 2.6 % 8,939 2.0 % +35.81%
Asset Management
0.5 %
1,414 0.6 % 2,229 0.5 % +57.64%

Sales per region

PKR in Million2022Weight2023Weight Delta
Pakistan
100.0 %
252,272 100.0 % 457,467 100.0 % +81.34%

Managers

Managers TitleAgeSince
Founder - 97-01-26
Director of Finance/CFO - 22-08-31
Chief Tech/Sci/R&D Officer - 02-12-31
Compliance Officer - 05-12-31
Chief Operating Officer - -
Public Communications Contact - 99-12-31
Corporate Officer/Principal - 03-01-31
Comptroller/Controller/Auditor - -
Corporate Officer/Principal - -
Treasurer - 12-12-31

Members of the board

Members of the board TitleAgeSince
Founder - 97-01-26
Corporate Officer/Principal - 99-03-31
Director/Board Member - 15-10-31
Director/Board Member - 15-02-28
Shariah Board Member - -
Shariah Board Member - -
Director/Board Member - 23-10-03
Director/Board Member - 20-12-31
Director/Board Member - 19-03-31
Shariah Board Member 49 13-06-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,791,253,194 617,078,681 ( 34.45 %) 0 34.45 %

Shareholders

NameEquities%Valuation
630,819,684 35.22 % 485 M ₨
Pakistan Kuwait Investment Co. Pvt Ltd.
29.97 %
536,887,288 29.97 % 413 M ₨
The Islamic Development Bank
9.315 %
166,863,457 9.315 % 128 M ₨
Tundra Fonder AB
1.431 %
25,636,331 1.431 % 20 M ₨
Al Meezan Investment Management Ltd.
0.7356 %
13,176,697 0.7356 % 10 M ₨
Evli Fund Management Co. Ltd.
0.4466 %
8,000,000 0.4466 % 6 M ₨
Atlas Asset Management Ltd.
0.3235 %
5,794,618 0.3235 % 4 M ₨
5,743,400 0.3206 % 4 M ₨
NBP Fund Management Ltd.
0.3181 %
5,697,635 0.3181 % 4 M ₨
MCB-Arif Habib Savings & Investments Ltd. (Invt Mgmt)
0.2735 %
4,899,726 0.2735 % 4 M ₨

Company contact information

Meezan Bank Ltd.

Meezan House C-25, Estate Avenue

75500, Karachi

+92 21 3810 3500

http://www.meezanbank.com
address Meezan Bank Limited(MEBL)

Sales per Business

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
217.5 PKR
Average target price
197.3 PKR
Spread / Average Target
-9.27%
Consensus

Quarterly revenue - Rate of surprise

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