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.
The shares of BAFL were trading at Rs.53.84 at market close today.
On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.
On the monthly time frame, Netsol has a history of boom and bust cycles
OIL & GAS EXPLORATION COMPANIES (OGDC) have made good corrections but it is still in…
The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%)…
After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL)…
Pakistan State Oil (PSO) is trying to sustain above 300 level.