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Silkbank goes on sale - Newspaper


“Fauji Foundation has expressed interest in acquiring the majority stake in Silkbank Ltd,” Silkbank informed the Pakistan Stock Exchange (PSX) in a mandatory filing on Jan 28.
Silkbank had been requested by the potential acquirers that it should allow them to conduct due diligence. It was said that Fauji Foundation intended to apply to the State Bank of Pakistan (SBP) for requisite approval.
Silkbank stated that in the meeting of the board held on Jan 28, the bank had “subject to the approval of the SBP given its in-principle approval to allow Fauji Foundation to conduct the required due diligence and evaluate the information that would be provided by Silkbank in this regard”. ....

Fauji Foundation , Shaukat Tarin , Zulqarnain Nawaz Chattha , Arif Habib Corp , Financial Action Task Force , Gourmet Group , Supreme Court , Pakistan Stock Exchange , Askari Bank Ltd , Silk Bank Ltd , State Bank , Minimum Capital Requirement , Capital Adequacy Ratio , Common Equity Tier , Federal Board , Habib Corp , பொஜி அடித்தளம் , ஷௌுகத் தாரின் , ஆரிப் ஹபீப் கார்ப் , நிதி நடவடிக்கை பணி படை , குர்‌மை குழு , உச்ச நீதிமன்றம் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , அஸ்கரி வங்கி லிமிடெட் , பட்டு வங்கி லிமிடெட் , நிலை வங்கி ,