Board approves Samba Bank’s shift to Islamic banking
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MG News | March 13, 2025 at 12:36 PM GMT+05:00
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March 13, 2025 (MLN): The Board of Samba Bank Limited (PSX: SBL) has approved the plan to convert from a Conventional to an Islamic Bank.
The aforementioned information was disseminated through a notification to Exchange.
In this regard, it is further informed that the tentative plan for conversion will be submitted to the State Bank of Pakistan.
SBL is a banking company incorporated in Pakistan and is engaged in commercial banking and related services.
The Bank is a subsidiary of the Saudi National Bank of the Kingdom of Saudi Arabia.
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