FPRM acquires 60% stake in AML/CFT Screening Solution
MG News | May 25, 2026 at 04:18 PM GMT+05:00
May 25, 2026 (MLN): First Paramount Modaraba (PSX:FPRM) has acquired a 60% ownership stake in the FPM
AML/CFT Screening Solution Business, operating both inside and outside
Pakistan, with the business independently valued at Rs334 million.
The acquisition
has increased the Modaraba's equity from Rs284,505,007 to Rs462,997,585.
The transaction structure and accounting treatment have been reviewed and
certified by the External Auditors and the Shariah Advisor of the Modaraba, and
has also been communicated to the SECP.
Management said
the move strengthens the Modaraba's footprint in the regional and local market,
particularly in the fast-growing technology-enabled compliance sector.
The revised
structure is expected to improve operational alignment and governance, support
future expansion, and drive long-term value creation for certificate holders.
The
aforementioned information was disseminated through a notification to Exchange.
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