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	136,379.97 273.10M	0.32% 440.10
ALLSHR	84,648.35 701.94M	0.06% 47.97
KSE30	41,546.23 70.12M	0.42% 172.55
KMI30	191,719.76 71.30M	0.34% 649.79
KMIALLSHR	55,827.74 371.98M	0.16% 89.67
BKTi	37,827.61 18.93M	-1.72% -662.14
OGTi	27,670.67 7.41M	-0.42% -117.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,010.00	119,915.00 118,920.00	-620.00 -0.52%
BRENT CRUDE	68.71	69.09 67.71	0.00 0.00%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	1.80 1.90%
ROTTERDAM COAL MONTHLY	104.50	0.00 0.00	-1.05 -0.99%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.68	66.68 66.58	0.30 0.45%
SUGAR #11 WORLD	16.55	16.67 16.40	-0.01 -0.06%