HBL gets approval for equity injection of Rs1.4bn in HBL Asset Management

MG News | May 25, 2022 at 04:43 PM GMT+05:00

0:00

May 25, 2022 (MLN): State Bank of Pakistan (SBP) has allowed Habib Bank Limited (HBL) to inject Rs1.4 billion into HBL Asset Management Limited.

In a notice to Exchange, Bank said that it has received approval from SBP on its proposal for undertaking an equity injection of Rs1.4 billion in its wholly-owned subsidiary HBL Asset Management Limited.

HBL Asset Management Limited (HBL AMC) is a wholly-owned subsidiary of HBL, the largest commercial bank in Pakistan. The company was incorporated in February 2006 as a public limited company under the Companies Ordinance 1984. It was licensed for Investment Advisory and Asset Management Services by the Securities and Exchange Commission of Pakistan in April 2006.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,825.00	90,115.00 86,915.00	75.00 0.09%
BRENT CRUDE	60.80	62.67 60.56	-1.44 -2.31%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.05 1.21%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.93	58.88 56.65	-1.42 -2.43%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%