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

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

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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.

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