Silkbank's shareholders back merger with UBL

MG News | December 27, 2024 at 08:59 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 27, 2024 (MLN): The shareholders of Silkbank Limited (PSX: SILK) have approved the amalgamation of Silkbank Limited (PSX: SILK) into and with United Bank Limited (PSX: UBL), the bank's filing on PSX revealed today.

This is subject to all regulatory approvals required, including approval of the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP).

Earlier this month, the Board of Directors of UBL approved a share swap arrangement for the amalgamation of SILK, where UBL will issue one new ordinary share for every 325 shares of SBL.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,920.76 45.46M	0.19% 349.49
ALLSHR	108,757.67 113.60M	0.14% 156.74
KSE30	53,628.10 23.56M	0.15% 79.68
KMI30	256,751.70 18.75M	0.01% 26.00
KMIALLSHR	70,659.91 72.75M	0.06% 39.22
BKTi	48,769.82 6.26M	0.30% 144.79
OGTi	37,157.97 1.21M	-0.06% -21.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,075.00	60,895.00 58,945.00	80.00 0.13%
BRENT CRUDE	72.50	73.39 71.89	0.51 0.71%
RICHARDS BAY COAL MONTHLY	103.50	0.00 0.00	0.30 0.29%
ROTTERDAM COAL MONTHLY	113.35	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	69.98	70.97 69.32	0.75 1.08%
SUGAR #11 WORLD	14.55	0.00 0.00	0.04 0.28%