Bank Alfalah completes divestment of shares in Alfalah Securities

MG News | May 02, 2025 at 11:30 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 02, 2025 (MLN): Bank Alfalah Limited (PSX: BAFL) has successfully completed the divestiture of its entire shareholding in its subsidiary, Alfalah Securities (Private) Limited, comprising 324.9 million shares (i.e. 95.59% of the issued and paid-up share capital), to Optimus Capital Management (Private) Limited, as of 30th April 2025.

This follows the approval of the shareholders of Bank Alfalah Limited in the 33rd Annual General Meeting held on 20th March 2025, as communicated in the Bank’s letter dated 21st March 2025.

The transaction has been completed in accordance with applicable legal and regulatory requirements, the company's filing on PSX revealed today.

Accordingly, the Bank no longer holds any interest in Alfalah Securities, and it has ceased to be a subsidiary or associated undertaking of the Bank.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,080.00	64,255.00 63,980.00	-190.00 -0.30%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%