BankIslami Modaraba Investment is no longer a subsidiary company of BIPL

MG News | May 24, 2021 at 12:13 PM GMT+05:00

0:00

May 24, 2021 (MLN): BankIslami Pakistan Limited (BIPL), in an announcement to Exchange, said that BankIslami Modaraba Investments Limited (BMIL) is no longer a subsidiary company of BIPL.

According to the notice, the sale of 8 million shares of BMIL (representing 100% of the issued and paid-up ordinary share capital of BMIL) to Mr Atique Ahmed Khan, sponsor of the Ghani Global Group or to any nominee, now stands complete in accordance with necessary approvals, including approval granted by the Securities and Exchange Commission of Pakistan (the SECP) vide its letter dated February 15, 2021.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	139,480.82 108.45M	0.04% 61.21
ALLSHR	86,098.66 366.32M	0.27% 231.87
KSE30	42,684.88 43.12M	0.07% 31.45
KMI30	196,238.95 40.00M	0.09% 168.90
KMIALLSHR	56,754.71 133.21M	0.39% 221.87
BKTi	38,141.14 6.62M	-0.14% -51.80
OGTi	28,035.38 8.90M	0.32% 90.68

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,710.00	120,540.00 118,465.00	-795.00 -0.67%
BRENT CRUDE	68.78	69.10 68.48	0.19 0.28%
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	65.50	65.78 65.18	0.19 0.29%
SUGAR #11 WORLD	16.24	16.30 16.20	-0.04 -0.25%