<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Meezan Bank (MEBL) announced highest ever quarterly earnings
of Rs26.4bn (EPS of Rs14.8) up 61% YoY and 4% QoQ in 4Q2023. The result came in
line with our expectations.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This takes full year 2023 earnings to Rs84.5bn (EPS of
Rs47.2) up 88% YoY, which is also the highest ever in the history of MEBL.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Alongside the result, bank announced final cash dividend of
Rs8/share in 4Q2023, higher than our expectations of Rs5/share. In full year
2023, bank announced total dividend of Rs20/share.</span></li></ul><p></p>
