Bank Alfalah buys Majority Shares in Samba Bank Ltd
In a notification sent to PSX at 29/03/2024, Bank Alfalah (BAFL) has announced that it indicated the offer to Saudi National Bank to acquire 100% shares in Samba Bank (SBL).
Here is what the announcement said:
Bank Alfalah Limited (BAFL) had made a Non-Binding indicative offer to Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited (SBL), to acquire their 100% stake in Samba which constitutes approximately 84.51% shares in SBL, subject to satisfactory due diligence, execution of definitive agreements, internal corporate approvals, obtaining all necessary regulatory approvals and compliance with all applicable legal and regulatory procedures including compliance with the Securities Act, 2015 and associated regulations.
📢 Announcement: We're Moving to Discord – Join Us There!
Hi everyone! 👋
To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!
Here’s what you’ll get on Discord:
✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track ofJoin now 👉 https://discord.gg/kST9hWjS
The shares of BAFL were trading at Rs.53.84 at market close today.
⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
Leave a Reply