Bank Alfalah : Closing of Purchase Period - Buy-Back of Shares of Bank Alfalah Limited
December 30, 2022 at 05:23 am EST
Share
LDN/CA/Buy-Back/22
30th December 2022
The Executive Director (Enforcement)
The General Manager
Securities & Exchange Commission of Pakistan
Pakistan Stock Exchange Limited
63, NIC Building
Stock Exchange Building
Jinnah Avenue, Blue Area
Stock Exchange Road
Islamabad
Karachi
Dear Sir,
Subject:
Closing of Purchase Period - Buy-Back of Shares of Bank Alfalah Limited
In accordance with the provisions of Regulation 10(g) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, we hereby inform that Bank Alfalah Limited ("the Bank") has carried out / completed the purchase / buy-back of the approved ordinary shares i.e. 200,000,000 (Two Hundred Million) shares, as per special resolution passed by the members of the Bank at the Extra-Ordinary General Meeting held on December 6, 2022, through the Pakistan Stock Exchange Limited, at the relevant spot / current share price prevailing from time to time during the purchase period.
Accordingly, since the Buy-Back of shares has been completed, the purchase period for the Buy-Back stands closed / completed as of today, December 30, 2022.
Furthermore, please find enclosed herewith a copy of the draft newspaper notice of the announcement of closing / completion of the purchase period being published in both English & Urdu newspapers.
You may inform the TRE Certificate Holders accordingly.
Yours faithfully,
Muhammad Akram Sawleh
Company Secretary
Encl.: As above.
c.c.
Executive Director/HOD,
The Director,
Offsite-II Department, Supervision Division,
Banking Policy & Regulations Department
Securities & Exchange Commission of
State Bank of Pakistan
Pakistan,
1.1. Chundrigar Road,
63, NIC Building, Jinnah Avenue,
Karachi
Blue Area, Islamabad.
Bank Alfalah Limited, Legal and Corporate Affairs Group B.A. Building, I.I. Chundrigar Road, Karachi-74000, Pakistan.
Bank Alfalah Ltd. published this content on 30 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2022 10:21:27 UTC.
Bank Alfalah Limited (the Bank) is a banking company. It operates through seven segments: Retail, Corporate, Islamic, Treasury, Digital, Overseas, and Others. Its Retail segment includes loans, deposits, trade, wealth management and other banking transactions. Its Corporate segment comprises of loans, deposits, project financing, investment banking and other banking activities. Its Islamic segment pertains to full scale Islamic Banking operations of the Bank. Its Treasury segment includes liquidity management activities carried out through borrowing, lending, money market, capital market, FX, and merchant banking operations. Its Digital segment includes branchless banking accounts, deposits and lending products, digital channels, corporate, G2P & SMME portfolio, digital payments, and digital products. Its Overseas segment comprises of business activities related to Bankâs overseas operations. It has a network of approximately 942 branches and 15 sub-branches in the country.
BANK ALFALAH LIMITED 
