Bank Alfalah Board greenlights sale of Bangladesh operations

MG News | May 29, 2025 at 09:44 AM GMT+05:00

0:00

May 29, 2025 (MLN): The Board of Directors of Bank Alfalah Limited (PSX: BAFL) has accorded its approval to sell the Bank's Bangladesh Operations to Bank Asia Limited, Dhaka, Bangladesh.

The sale is subject to the approval of the State Bank of Pakistan, the Central Bank of Bangladesh, and/or any other regulatory authority, compliance with necessary legal/procedural requirements, and the execution of definitive agreements, the notification issued to the local bourse.

In this regard, a MOU/Term Sheet has been executed in the evening of May 28, 2025.

Copyright Mettis Link News

Related News

ISL triples profit to Rs1.6bn in H1FY26

Sazgar 6MFY26 profit up 27%, declares Rs15 dividend

PSX Closing Bell: Pause for the Bulls

Name	Price/Vol	%Chg/NChg
KSE100	188,202.86 341.59M	-0.20% -384.80
ALLSHR	112,423.22 745.46M	-0.07% -79.96
KSE30	57,956.48 141.89M	-0.12% -70.41
KMI30	267,375.33 135.18M	-0.39% -1043.48
KMIALLSHR	72,363.20 391.84M	-0.20% -146.78
BKTi	53,485.97 53.11M	0.26% 139.85
OGTi	38,916.61 17.01M	0.72% 278.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,475.00	88,985.00 87,470.00	890.00 1.02%
BRENT CRUDE	66.71	66.78 65.00	1.12 1.71%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.65 -2.96%
ROTTERDAM COAL MONTHLY	99.00	0.00 0.00	0.30 0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.74	61.86 60.14	1.11 1.83%
SUGAR #11 WORLD	14.97	14.98 14.74	0.18 1.22%