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Summit Bank Ltd co-opts new directors
KARACHI ? : Summit Bank Ltd (SBL) has acquired 314.701 million shares or 59.34 percent of issued and paid up capital of
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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.
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