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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Meezan BankXDXB    MEBL   PK0077401013

MEEZAN BANKXDXB

(MEBL)
  Report  
End-of-day quote. End-of-day quote KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE - 11/12
78.5 PKR   -1.18%
11/12MEEZAN BANKXDXB : Bank recognized as the 'Best Compliant Employer' by EOBI
AQ
11/12MEEZAN BANKXDXB : Bank wins EOBI Best Compliant Employer award
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11/06MEEZAN BANKXDXB : Transaction of 10,000 shares of Meezan Bank Limited
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Meezan bank, Hyundai Nishat motor promoting Hyundai commercial vehicles in Pakistan

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10/21/2019 | 10:58am EST

Meezan Bank Limited, Pakistan’s largest Islamic Bank and the Best Bank in Pakistan and Hyundai Nishat Motor (Private) Limited, a project of Nishat Group recently signed a Memorandum of Understanding to jointly promote Hyundai commercial vehicles in Pakistan by providing convenient financing terms with a residual value option.

This signing ceremony was organized at the grand opening of Hyundai’s Digital City Store in Karachi and was attended by Mian Hassan Mansha – CEO, Hyundai Nishat Motor (Pvt) Ltd., Mr. Min Kyu SongPresident Africa and Middle East Region, Hyundai Motor Co. and Mr. Ariful Islam – Deputy CEO, Meezan Bank.

Under the agreement, Meezan Bank will provide priority vehicle financing and additional value-added services to Hyundai’s commercial segment customers for Grand Starex and its upcoming locally assembled pick-up truck.

Commenting at the occasion, Mr. Ariful Islam – Deputy CEO, Meezan Bank said: “Our commitment towards ‘Establishing Islamic banking as banking of first choice…’ has led us to focus on the key financing needs of our customers. Alhamdullilah, Meezan Bank is one of the few banks in the country to offer the Residual Value option for commercial vehicles which will further enhance the customer’s flexibility and buying power.”

Mr. Norez Abdullah, CFO Hyundai Nishat while speaking at the occasion said: “We are delighted to have partnered with the country’s largest Islamic finance provider for our customers. This combination of strength and promise between Meezan and Hyundai shall go a long way in fulfilling the void in light commercial segment at affordable terms for our mutual customers This MoU would add a leading automobile brand in Meezan Bank’s portfolio which would benefit both the partners and ultimately offer a good option to the customers for fulfilment of their logistics needs.”

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO LTD End-of-day quote.
HYUNDAI MOTOR CO End-of-day quote.
MEEZAN BANKXDXB -1.18% 78.5 End-of-day quote.-1.88%
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Financials (PKR)
Sales 2019 46 612 M
EBIT 2019 30 409 M
Net income 2019 -
Debt 2019 -
Yield 2019 7,67%
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 2,21x
Capi. / Sales2020 1,73x
Capitalization 103 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 107,56  PKR
Last Close Price 80,27  PKR
Spread / Highest target 44,3%
Spread / Average Target 34,0%
Spread / Lowest Target 17,1%
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Managers
NameTitle
Irfan Siddiqui President, CEO & Executive Director
Riyadh Salem Ali Ahmed Al-Edrissi Chairman
Zia-ul-Hasan Head-Operations
Shabbir Hamza Khandwala Chief Financial Officer & Group Head-Finance
Faiz-ur-Rehman Head-Information Technology & Digital Banking
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