JS Bank allowed to acquire 7.79% paid up capital in BankIslami

MG News | October 06, 2022 at 10:30 AM GMT+05:00

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October 6, 2022 (MLN): The State Bank of Pakistan (SBP) has granted approval to JS Bank Ltd to purchase 86.3 million ordinary shares (7.79% paid up capital) of BankIslami Pakistan Ltd from Emirates DNB Bank PJSC, a material information notice shared by the BankIslami showed.

BankIslami in its notice said that JS Bank, an associated entity, shared that “with reference to our disclosure date March 30, 3033, we are pleased to inform that the SBP has granted approval to JS Bank Ltd to acquire 86.3mn ordinary shares (constituting 7.79% paid up capital) of BankIslami Pakistan Ltd from Emirates DNB Bank PJSC”.

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