Bank Alfalah cleared by SBP to conduct due diligence on Samba Bank

MG News | May 20, 2024 at 10:31 AM GMT+05:00

0:00

May 20, 2024 (MLN): The State Bank of Pakistan (SBP) has approved Bank Alfalah Limited (PSX: BAFL), to conduct Due Diligence of Samba Bank Limited (PSX: SBL), subject to compliance with applicable laws, rules, and regulations.

SBL's filing on the Pakistan Stock Exchange (PSX) revealed this development today.

This progress follows SBL's decision to evaluate the non-binding offer and invite Bank Alfalah Limited to conduct due diligence on Samba Bank Limited as of March 29.

Accordingly, BAFL publicly announced its intention to acquire up to 84.51% of the shares of SBL, currently held by Saudi National Bank.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,830.00	71,480.00 69,440.00	-530.00 -0.75%
BRENT CRUDE	112.59	113.11 105.05	3.94 3.63%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.38	98.75 92.47	2.83 2.96%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%