Karachi November 3 2022: Extra Ordinary General Meeting (“EOGM”) of Faysal Bank Limited (“FBL”) will be held on November 25, 2022 at 10:00 a.m.
The shareholders will decide conversion of Faysal Bank Limited into an Islamic Bank and surrendering its current Banking License for obtaining Islamic Banking License.
The shareholders will authorize and empowered Chief Executive Officer, Company Secretary and Chief Financial Officer of the Bank to give effect to the above resolution and to do all acts, deeds and things that may be necessary or required and to sign such documents and take such steps from time to time as and when necessary.
The Chairman will elaborate on the cleansing of the retained earnings under the Shariah guidelines as part of the conversion of FBL into a full-fledged Islamic Bank. This agenda item is only for information to shareholders and does not required any approval or action.
