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

Weekly Market Roundup

SCRA records Rs.2.90 billion net purchase of securities

CDC integrates RAAST system with MK Securities for real-time investor fund transfers

Name	Price/Vol	%Chg/NChg
KSE100	145,382.80 276.74M	-0.18% -264.34
ALLSHR	89,824.60 544.97M	-0.09% -81.76
KSE30	44,614.06 124.57M	-0.32% -143.97
KMI30	206,959.19 132.52M	-0.48% -1003.25
KMIALLSHR	59,977.48 292.56M	-0.38% -231.21
BKTi	39,957.52 20.70M	-0.34% -136.73
OGTi	30,661.68 43.11M	-0.07% -21.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,425.00	0.00 0.00	470.00 0.40%
BRENT CRUDE	66.32	67.22 65.53	-0.11 -0.17%
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	63.35	0.00 0.00	-0.53 -0.83%
SUGAR #11 WORLD	16.27	16.35 16.02	0.26 1.62%