Bank Alfalah to buy back 200mn shares

MG News | November 10, 2022 at 01:59 PM GMT+05:00

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November 10, 2022 (MLN): The board of Bank Alfalah Limited (BAFL) has recommended the members to buy-back of up to 200 million ordinary shares with a face value of Rs10 each, the company’s filings on the stock exchange showed on Thursday.

The company added, these 200mn shares constitute up to approximately 11.25% of the current issued and paid-up share capital of the bank.

The shares shall be purchased from time to time at the current/ spot price acceptable to the bank prevailing during the purchase period, the report added.

At the time of writing, the scrip of the company is being traded at Rs34.26, up by Rs2.39 or 7.50% DoD.

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