Bank Alfalah grants initial approval for Bank Asia’s acquisition offer

News Image

MG News | April 17, 2024 at 12:29 PM GMT+05:00

0:00

April 17, 2024 (MLN): The Board of Directors of Bank Alfalah Limited (PSX: BAFL) has accorded its in-principle approval to the non-binding indicative offer received from Bank Asia Limited, Dhaka, Bangladesh (Bank Asia) to acquire the Bank's operations/assets and liabilities.

BAFL disseminated this information through a notice issued to the Pakistan Stock Exchange (PSX) today.

This transaction is subject to compliance with all applicable laws and regulations and obtaining necessary regulatory approvals.

BAFL will now seek approval from the State Bank of Pakistan for Bank Asia to commence due diligence on Bank Alfalah, Bangladesh, it said.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 163,304.13
424.61M
-0.78%
-1286.28
ALLSHR 99,380.97
1,038.42M
-0.94%
-946.44
KSE30 49,842.51
138.16M
-0.73%
-367.30
KMI30 238,104.17
78.33M
-0.14%
-327.97
KMIALLSHR 65,590.95
485.77M
-0.66%
-435.42
BKTi 45,705.29
72.87M
-2.08%
-972.73
OGTi 32,671.23
13.00M
-0.23%
-74.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,990.00 0.00
0.00
250.00
0.23%
BRENT CRUDE 65.69 66.78
65.41
-0.30
-0.45%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 61.44 0.00
0.00
-0.06
-0.10%
SUGAR #11 WORLD 14.97 15.34
14.93
-0.32
-2.09%

Chart of the Day


Latest News
October 26, 2025 at 06:17 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


October 26, 2025 at 02:20 PM GMT+05:00

Weekly Market Roundup


October 25, 2025 at 08:17 PM GMT+05:00

ECC directs urgent coordination to contain inflation


October 25, 2025 at 08:17 PM GMT+05:00

Govt mandates governance training for SOE board members


October 25, 2025 at 08:17 PM GMT+05:00

Pakistan, Canada eye collaboration in mineral, LNG sectors



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg