Apna Microfinance Bank Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 28, 2020 at Karachi.

The agenda of the meeting will to read and confirm the minutes of the Annual General Meeting held on April 26, 2019, to receive, consider and adopt the Annual Audited Financial Statements for the year ended December 31, 2019 together with Directors' and Auditors' Reports thereon, to review, consider and re-appointment of M/S Ilyas Saeed & Co. Chartered Accountants as auditors of the bank for the year ending December 31, 2020 as proposed by the Board of Directors and to fix their remuneration, to review, consider and approved the revision in Directors' remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from April 21, 2020 to April 28, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/145494.pdf

Apna Microfinance Bank Limited was incorporated in Pakistan on May 8, 2003 as a public limited company. The commencement certificate of the company was issued in December 28, 2004. The operations of the business started from January 1, 2005. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The principal business activity of the bank is to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001. The registered office of the company is located in Karachi. The shares of the company are quoted on Karachi Stock Exchange of Pakistan.

The Bank operates 11 branches as at June 30, 2013 and is licensed to operate on district level. The products of the bank include providing finances, advances and other credit facilities for the development of the society. Through this the savings are mobilized and other specialized deposit products are also improved with time.

The symbol "AMBL" is being used by the stock exchanges for the shares of Apna Microfinance Bank Limited.

© Pakistan Press International, source Asianet-Pakistan