AMML secures approval for full stake transfer from Pak Brunei

By MG News | Category Equity | September 20, 2024 at 03:11 PM GMT+05:00

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September 20, 2024 (MLN): Awwal Modaraba Management Limited (AMML) has received approval from the Registrar of Modaraba, SECP, for the transfer of 100% of its shareholding held by Pak Brunei Investment Company to WASL Investment Finance Limited.

First Prudential Modaraba (PSX: PMI), a company managed by AMML, updated market participants through a notice issued today.

It is important to note that this approval is subject to the fulfillment of all requirements under the prevailing provisions of law.

"We are in the process of undertaking the necessary corporate formalities for the completion of the share transfer," the notice concludes.

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