AMBL board approves Rs2.5bn capital increase, new shares issuance

News Image

MG News | August 07, 2024 at 04:11 PM GMT+05:00

0:00

August 07, 2024 (MLN): The Board of Directors of Apna Microfinance Bank Limited (PSX: AMBL) has approved to enhance the Authorized Capital of the bank from 5 billion to Rs.7.5bn, AMBL's filing on PSX revealed today

Accordingly, the Memorandum and Articles of Association of the Bank are to be amended to comply with the regulations.

In addition, the board has authorized a further issuance of 135,039,028 ordinary shares, each with a face value of Rs10, to increase the paid-up share capital of the bank.

Both decisions are subject to approval by the shareholders and the Securities and Exchange Commission of Pakistan (SECP). Amendments to the bank’s Memorandum and Articles of Association will be made to comply with these changes.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 19, 2025 at 04:28 PM GMT+05:00

4.7m families get BISP aid in Punjab


July 19, 2025 at 03:00 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 19, 2025 at 02:49 PM GMT+05:00

RDA attracts $182m in June


July 19, 2025 at 02:49 PM GMT+05:00

M2 falls by Rs455bn in a week



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg