Maple Leaf eyes up to 30% stake in Faysal Bank after CCP clearance

MG News | March 17, 2026 at 02:19 PM GMT+05:00

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March 17, 2026 (MLN): Maple Leaf Cement Factory Limited (PSX:MLCF) has received a No Objection Certificate from the Competition Commission of Pakistan for the potential acquisition of up to 29.9% control/voting shares of Faysal Bank Limited.

However, it is clarified that approval of this clearance was obtained as a preparatory regulatory requirement to explore the acquisition of a strategic investment, according to the company's statement issued today.

At this stage, the Board of Directors has not yet made a final or binding decision to proceed with the acquisition.

Any future progress in this regard remains strictly subject to a final internal evaluation, further approvals from the State Bank of Pakistan and the completion of all other necessary legal and regulatory formalities.

We will continue to keep the Exchange informed of any material developments in this matter as they arise.

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