Fauji Foundation expresses interest to acquire majority stake in Silkbank Limited

News Image

MG News | January 28, 2021 at 01:39 PM GMT+05:00

0:00

January 28, 2021 (MLN): Fauji Foundation (FF) has expressed an interest in acquiring the majority stake in Silkbank Limited.

As a part of the process, Silk bank has been requested to allow Fauji Foundation to conduct due diligence of Silkbank and in this regard, FF intends to apply to the State Bank of Pakistan (SBP) for the approval of the same.

In a notification to Exchange, Silkbank notifies that the Boards of Directors of the bank in its meeting held on today, has subject to the approval of SBP, given its in-principle approval to allow Fauji Foundation to conduct the required due diligence and evaluate the information that will be provided by Silkbank in this regard.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,520.00 123,615.00
118,675.00
1990.00
1.68%
BRENT CRUDE 69.09 71.53
69.05
-1.27
-1.81%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.84 69.65
66.80
-1.61
-2.35%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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