Bank Alfalah Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Atif Bajwa

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	12.6yrs
CEO ownership	n/a
Management average tenure	5.7yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO

Atif Bajwa

12.6yrs

Tenure

Mr. Atif Aslam Bajwa serves as Independent Director at Pakistan Oxygen Limited since January 23, 2023. He serves as Non-Executive Director of Packages Limited since August 26, 2022 and served as its Direct...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Atif Bajwa	President	12.6yrs	no data	no data
Anjum Hai	Chief Financial Officer	6.5yrs	no data	no data
Khawaja Ahmad	Group Head of Operations & Corporate Services	no data	no data	no data
Saad Ur Khan	Group Head of Corporate	no data	no data	no data
Farooq Khan	Group Head of Corporate	less than a year	no data	no data
Mohib Khan	Chief Information Officer	8.3yrs	no data	no data
Haroon Khalid	Group Head of Compliance & Control Group	5.7yrs	no data	no data
Muhammad Sawleh	Company Secretary and Group Head of Legal & Corporate Affairs	5.8yrs	no data	no data
Faisal Khan	Chief Human Resource Officer	4.3yrs	no data	no data
Mehreen Ahmed	Group Head of Retail Banking	no data	no data	no data
Aasim Jawad	Group Head of Strategy	no data	no data	no data
Tahir Khurshid	Group Head of Audit & Inspection and Chief Internal Auditor	5.3yrs	no data	no data

5.7yrs

Average Tenure

Experienced Management: BAFL's management team is seasoned and experienced (5.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Atif Bajwa	President	4.3yrs	no data	no data
Abdulla Khalil Muhammad Al Mutawa	Non-Executive Director	26.8yrs	PK₨38.24m	no data
Abdulla Bin Hawaileel Al-Mansoori	Non-Executive Director	26.8yrs	PK₨4.00m	no data
Khalid Mana Al Otaiba	Non-Executive Director	21.2yrs	PK₨38.08m	no data
Khalid Qurashi	Independent Director	4yrs	PK₨28.48m	no data
Mufti Khalil Aazami	Chairman of Shariah Board	9.3yrs	no data	no data
Mufti Mohammad ul Haq Siddiqui	Member of Shariah Board	9.3yrs	no data	no data
Mufti Ovais Qazi	Resident Member of Shariah Board	9.3yrs	no data	no data
Sheikh Nahayan Al Nahayan	Chairman of the Board	7.3yrs	no data	21.46% PKR 19.9b
Ayesha Khan	Independent Director	6yrs	PK₨22.40m	no data
Gyorgy Ladics	Independent Director	6yrs	PK₨20.00k	no data
Mufti Akhtar	Member of Shariah Board	2.8yrs	no data	no data

8.3yrs

Average Tenure

Experienced Board: BAFL's board of directors are considered experienced (8.3 years average tenure).

Bank Alfalah Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Bank Alfalah to Acquire Samba Bank

Upcoming dividend of PK₨5.00 per share

Price target increased by 8.7% to PK₨60.46

Dividend of PK₨5.00 announced

Price target increased by 8.4% to PK₨55.60

Investor sentiment improves as stock rises 17%

Third quarter 2023 earnings released: EPS: PK₨5.61 (vs PK₨3.10 in 3Q 2022)

Now 21% undervalued

Now 21% undervalued

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: PK₨4.97 (vs PK₨2.10 in 2Q 2022)

Upcoming dividend of PK₨3.00 per share at 12% yield

First quarter 2023 earnings released: EPS: PK₨6.83 (vs PK₨2.83 in 1Q 2022)

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 14%

Upcoming dividend of PK₨2.50 per share at 16% yield

Full year 2022 earnings released: EPS: PK₨10.38 (vs PK₨8.12 in FY 2021)

Consensus EPS estimates increase by 13%

Price target decreased by 7.6% to PK₨50.50

Consensus revenue estimates decrease by 11%

Price target increased to PK₨55.15

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: PK₨3.10 (vs PK₨2.09 in 3Q 2021)

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of PK₨2.50 per share

First quarter 2022 earnings: EPS exceeds analyst expectations

Less than half of directors are independent

Upcoming dividend of PK₨2.00 per share

Full year 2021 earnings: EPS exceeds analyst expectations

Price target increased to PK₨50.58

Third quarter 2021 earnings released: EPS PK₨2.09 (vs PK₨1.62 in 3Q 2020)

Second quarter 2021 earnings released: EPS PK₨2.02 (vs PK₨1.62 in 2Q 2020)

Bank Alfalah Joins Race to Acquire Silkbank's Consumer Portfolio

First quarter 2021 earnings released: EPS PK₨1.92 (vs PK₨1.63 in 1Q 2020)

Analysts update estimates

New 90-day low: PK₨33.03

Full year 2020 earnings released: EPS PK₨6.10 (vs PK₨7.35 in FY 2019)

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS PK₨6.10 (vs PK₨7.35 in FY 2019)

Revenue and earnings miss expectations

Analysts update estimates

New 90-day high: PK₨37.32

New 90-day high: PK₨36.30

New 90-day low: PK₨33.07

Third-quarter earnings released: Earnings beat expectations

Third quarter earnings released

New 90-day low: PK₨34.00

Price target lowered to PK₨41.69

First half earnings released

Price target lowered to PK₨49.00

New 90-day high - PK₨36.55

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure