BIPL to sell 8 million shares of BankIslami Modaraba to Ghani Global Group’s sponsor

News Image

By MG News | October 29, 2020 at 06:31 PM GMT+05:00

0:00

October 29, 2020 (MLN): BanIslami Pakistan Limited has, with the approval of its Board of Directors, approved the sale of 8,000,000 shares of BankIslami Modaraba Investments Limited to Mr. Atique Ahmed Khan (one of the promoters/sponsors of the Ghani Global Group) or any nominee.

These shares represent 100% of the issued and paid-up ordinary share capital of BankIslami Modaraba Investments Limited.

The above transaction would be subject to the procurement of all applicable shareholders’ and regulatory approvals and finalization of the transaction documentation.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,395.00 110,965.00
109,200.00
110.00
0.10%
BRENT CRUDE 68.84 69.00
68.32
-0.27
-0.39%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 109.80 109.80
109.80
0.80
0.73%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.21 67.50
66.65
-0.24
-0.36%
SUGAR #11 WORLD 15.85 15.90
15.44
0.27
1.73%

Chart of the Day


Latest News
July 03, 2025 at 03:54 PM GMT+05:00

BML Board authorizes CEO to execute deposit deal


July 03, 2025 at 03:38 PM GMT+05:00

Pakistan reaffirms reform, partnership goals at FFD4


July 03, 2025 at 02:53 PM GMT+05:00

PM reviews progress on cashless economy plans


July 03, 2025 at 02:12 PM GMT+05:00

Ghani Global secures SECP approval for share issuance


July 03, 2025 at 01:26 PM GMT+05:00

Banks raise ATM withdrawal fee to Rs35



Top 5 things to watch in this week

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