CCP gives nod to First UDL Modaraba's integration with UDL International

MG News | December 05, 2023 at 11:51 AM GMT+05:00

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December 05, 2023 (MLN): The Competition Commission of Pakistan (CCP) has authorized the proposed merger transaction of First UDL Modaraba (PSX: FUDLM) with and into UDL International Limited, as revealed in FUDLM’s filing on PSX today.

FUDLM is a perpetual, multipurpose, and multidimensional Modaraba that provides finance under Murabaha and Musharakah arrangements, Ijarah, commodity trading, and trading in listed and non-interest-bearing securities.

At the time of writing, the company's share is being traded at Rs7.8, up by 41 paisa or 5.55% compared to its previous close.

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