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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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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.