First Dawood Investment Bank : Transmission of Quarterly Report for the Period Ended

FIRST DAWOOD INVESTMENT

BANK LIMITED

Quarter Report

30 September 2022

FIRST DAWOOD INVESTMENT BANK LIMITED

CONTENTS

Corporate Information	2
Directors' Report	3
	4
Condensed Interim Financial Position (Unaudited)	5
Condensed Interim Profit & Loss Account (Unaudited)	6
Condensed Interim Statement of Comprehensive Income (Unaudited)	7
Condensed Interim Statement of Changes in Equity (Unaudited)	8
Condensed Interim Cash Flow Statement (Unaudited)	9
Notes to the Financial Statement (Unaudited)	10

FIRST DAWOOD INVESTMENT BANK LIMITED

CORPORATE INFORMATION

Board of Directors	Mr. Christopher John Aitken Andrew	Chairman
	Mr. Muhammad Rizwan-ul Haque	Director & CEO (Subject to SECP approval )
	Mr. Khurshid A. Khair	Director
	Mr. Abu Khursheed M. Ariff	Director
	Mr. Iqbal Ahmed	Director (Subject to SECP approval )
	Mr. Asad Ali Sheikh	Director (Subject to SECP approval )
	Mrs. Farhat Ali	Director
Audit Committee	Mr. Abu Khursheed M. Ariff	Chairman
	Mr. Khurshid A. Khair	Member
	Mrs. Farhat Ali	Member
HR&R Committee	Mr. Khurshid A. Khair	Chairman
	Mr. Abu Khursheed M. Ariff	Member
	Mrs. Farhat Ali	Member
Chief Financial Officer
&	Mr. Syed Musharaf Ali
Company Secretary
Auditors	J.A.S.B & Associates
	Chartered Accountants
Head of Internal Audit	Mr. Sohail Ahmed
Legal Advisor	Nishtar & Zafar
Legal counsels	A.Q. Abbasi & Associates
	Ansari AG Legal
	Kabraji & Talibuddin
	Khalil Asif Ejaz & Co.
	Malik and Malik Law Associates
	Raza Khalil Abbasi
Bankers	AI-Baraka Islamic Bank Ltd.
	Bank AI-Habib Ltd.
	Habib Metropolitan Bank Ltd.
	MCB Bank Ltd.
Registered Office	19th Floor, Tower-B, Saima Trade Tower,
Head Office	I. I. Chundrigar Road,
	Karachi-74000
	PABX:	[phone]
	FAX: [phone]
	Email : [e-mail]
	URL	: www.firstdawood.com
Share Registrar	F.D. Registrar Services (Pvt) Ltd.
	1705, 17th Floor, Saima Trade Tower-A,
	I.I. Chundrigar Road, Karachi-74000
	Tel: [phone]
	Fax : [phone]
	Email: [e-mail], [e-mail]

02

FIRST DAWOOD INVESTMENT BANK LIMITED

DIRECTORS' REPORT

IN THE NAME OF ALLAH THE MOST COMPASSIONATE, THE MOST MERCIFUL

Dear Shareholders,

The Board of Directors of First Dawood Investment Bank Limited ("FDIBL" or the "Company") are pleased to present the interim financial statements of the Company for the period ended September 30, 2022.

Board Composition and Remuneration

1. The total number of directors are 4 as per the following:
2. 1. Male: 03
   2. Female: 01
3. The composition of the board is as follows:

Category	Names
Independent Director	Mr. Khurshid Abul Khair
Mr. Abu Khursheed Muhammad Ariff
Non-Executive Directors	Mr.Christopher John Aitken Andrew
Mrs. Farhat Ali

Composition of the Board of Directors and Board sub-committees is disclosed in the corporate information section of the report.

Non-Executive Directors are paid a reasonable and appropriate remuneration for attending the Board and/or its committees' meetings. This remuneration is not at a level that could be perceived to compromise independence. No fee is paid to the directors who do not attend a meeting. Similarly, fee is not paid for the proposals considered through circulation.

Financial Performance

Your company during first quarter of the financial year 2022-23 has reported after-tax profit of Rs. 18.228 million as compared to Rs.64.806 million during corresponding period last year. The profit in current year is due to significant cash recoveries. Henceforth, the net-worth of your company has increased from Rs. 530.279 million to Rs. 548.507 million. The earning per share is 0.123 for the period under review.

Acknowledgement

On behalf of First Dawood Investment Bank Ltd., we would like to express our gratitude to the worthy shareholders of the Bank for their support, State Bank of Pakistan, Securities and Exchange Commission and other regulatory bodies for their guidance and cooperation We would especially like to recognize hard-work and dedication of our employees who in these testing times and adverse conditions have performed to the best of their abilities with utmost commitment, and look forward to their continued support.

We wish to pray for health & safety of all mankind against the prevailing pandemic, which continues to introduce new waves.

For and on behalf of the Board of Directors.

Chief

October 06, 2022

Karachi.

03

FIRST DAWOOD INVESTMENT BANK LIMITED

			2022	30
				4
				03
				01
	Category	Names
	Independent Director	Mr. Khurshid Abul Khair
	Mr. Abu Khursheed Muhammad Ariff
	Non-Executive Directors	Mr.Christopher John Aitken Andrew
	Mrs. Farhat Ali
	18.228	2022	30
548.507	530.279	64.806
		0.123

October 06, 2022

04