Soneri Bank to launch asset management subsidiary

MG News | April 27, 2026 at 03:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 27, 2026 (MLN): Soneri Bank Limited (PSX:SNBL) has secured board approval to establish a wholly owned Asset Management Company (AMC) as a subsidiary, marking a significant step toward diversifying its business operations.

The decision was taken at the bank's 216th Board of Directors meeting held in Karachi, according to the company’s filing to the Pakistan Stock Exchange.

The proposed AMC will be incorporated with an initial paid-up capital of Rs1 billion (Rs1,000,000,000), to be fully subscribed and funded by the bank.

The move is subject to obtaining all requisite regulatory approvals and licenses from the Securities and Exchange Commission of Pakistan (SECP) and other relevant authorities.

Soneri Bank added that further developments will be communicated to the exchange as and when they become material.

Copyright Mettis Link News

Related News

SNBL 1HCY26 profit drops slightly to Rs2.4bn

PACRA upgrades SNBL's long term entity rating to AA

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,275.00	83,320.00 82,645.00	805.00 0.98%
BRENT CRUDE	104.54	105.09 102.33	0.26 0.25%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.66	0.00 0.00	-0.19 -0.21%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%