Allied Bank Limited’s material information sale of shares of Khushhali Bank Limited

Karachi: This is to inform that Allied Bank Limited (ABL) has accepted bid of Rs. 20.44 per share offered by the consortium of United Bank Limited and others namely, ASN-NOVIB Microkredietfonds; responsibility Global Microfinance Fund; Rural Impulse Fund II S.A. STCAV-FIS; and Shore cap II Limited in relation to proposed sale of 20 Million Shares i.e. 11.73% of the paid up capital of the Khushhali Bank Limited (KBL).

Please note that the Execution/completion of this transaction is conditional upon certain regulatory consents and approvals.

For more information, contact:
Muhammad Raffat
Company Secretary
Allied Bank Limited
8-Kashmir/Egerton Road,
Lahore, Pakistan.
Website: www.abl.com.pk