Foreign Institutional investors acquire 2.9% of Meezan Bank’s Sale Shares

By MG News | March 15, 2019 at 09:53 AM GMT+05:00

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March 15, 2019 (MLN): Noor Financial Investment Company (Noor) has successfully completed the divestment/sale of 34.307 million ordinary shares in Meezan Bank Limited (MEBL), which constitute a total of 2.934% of the total issued and paid up capital of the Bank (Sale Shares).

According to a notification issued to the Pakistan Stock Exchange (PSX), these Sale Shares have been acquired by various foreign institutional investors at a purchase price of Rs.86 per share.

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