Investors’ consortium submits PAI to acquire 84.5% stake in Samba Bank

News Image

By MG News | December 21, 2021 at 01:40 PM GMT+05:00

0:00

December 21, 2021 (MLN): The consortium comprising the existing management of Samba Bank Limited, Fatima Fertilizer Company Limited and Gulf Islamic Investments LLC (the acquirers) has submitted a Public Announcement of Intention (PAI) to acquire up to 852,062,525 shares of Samba Bank or 84.51% of the total issued paid-up capital of the target company, said a notification issued to the PSX today.

On behalf of a consortium, Arif Habib Limited (AHL) submitted the said PAI as it had been appointed as the manager to offer by the consortium in accordance with the provision of the Securities Act 2015 and the Listed Companies Regulations, 2017.

Fatima Fertilizer Company Limited (FFCL) is engaged in manufacturing and trading fertilizers and chemicals. FFCL is part of Fatima Group which is one of the most innovative and progressive business groups in Pakistan and plays a leading role in a number of sectors it operates in.

Going by the notice, the authorized share capital of FFCL is Rs27bn divided into 2,700,010,000 shares of Rs10 each.

Gulf Islamic Investments LLC provides Financial Analysis and Financial Consultancy /Advisory services for Shariah-compliant alternative investments such as private equity, venture capital and real estate. Gulf Islamic Investment LLC is part of GII Holding group (GII). Meanwhile, the authorized share capital of the company is AED10.810mn divided into 108,100 ordinary shares of AED100 each.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

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