Business Recorder - News https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 06:33:40 +0500 Thu, 13 Aug 2026 06:33:40 +0500 60 Summit Bank Ltd co-opts new directors https://www.brecorder.com/news/9963/summit-bank-ltd-co-opts-new-directors <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/april/summit-bank.jpg" width="400" height="267" />KARACHI<span style="font-size: 10pt;">?</span><span style="font-size: 10pt;">: Summit Bank Ltd (SBL) has acquired 314.701 million shares or 59.34 percent of issued and paid up capital of Mybank Ltd (MBL).</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;">According to information despatched to Karachi Stock Exchange, the bank said that these shares have been acquired at Rs 8 per share from Iqbal Alimohammad and other shareholders.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;">As a result of the change in shareholding of Mybank Ltd, seven new directors have been co-opted, subject to the approval of State Bank of </span>Pakistan<span style="font-size: 10pt;">.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;"><center><b><i>Copyright APP (Associated Press of Pakistan), 2011</i></b><i></i></center></span></p> KARACHI?: Summit Bank Ltd (SBL) has acquired 314.701 million shares or 59.34 percent of issued and paid up capital of Mybank Ltd (MBL).

According to information despatched to Karachi Stock Exchange, the bank said that these shares have been acquired at Rs 8 per share from Iqbal Alimohammad and other shareholders.

As a result of the change in shareholding of Mybank Ltd, seven new directors have been co-opted, subject to the approval of State Bank of Pakistan.

Copyright APP (Associated Press of Pakistan), 2011

]]> https://www.brecorder.com/news/9963 Mon, 04 Apr 2011 11:20:13 +0500 none@none.com (Muhammad Iqbal)