Karachi: MCB Bank Limited informed Karachi Stock Exchange that extraordinary general meeting of the bank is scheduled to be held on January 08, 2016 at Lahore.
The agenda of the meeting is to adopt and agree to the scheme of compromises, arrangements and reconstruction between MCB Bank limited and MCB Islamic Bank Limited and to pass special resolution.
Further, the members register will remain closed from January 01, 2016 to January 08, 2016.
MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB bank was nationalized in 1974 as pat of Government of Pakistan’s economic reform movement. It was later privatized to Nishat Group in 1991. The bank has a domestic network of over 1208 branches, 27 Islamic banking branches and over 690 ATMs across Pakistan. It is also recognized and traded on the international markets. The bank has been acknowledged and awarded by Euromoney, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within Pakistan whereas its global depository receipts are traded on the international order book system of the London Stock Exchange. The registered office of the bank is located in Lahore.
The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- ArifHabib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company.
The symbol “MCB” is being used by the stock exchanges for the shares of MCB Bank Limited.