Bank Alfalah Limited’s interest to acquire IGI Investment Bank Alfalah together with its two wholly owned subsidiaries

Karachi: You are hereby notified that Bank Alfalah Limited (BAFL) and IGI Investment Bank Limited are negotiating for the takeover by Bank Alfalah Limited of IGI Investment Bank Limited together with its two wholly owned subsidiaries. It is proposed that the takeover would be implemented by way of merger in terms of a scheme of amalgamation under Section 48 of the Banking Companies Ordinance, 1962. Bank Alfalah Limited is shortly, starting due diligence of IGI Investment Bank Limited and its subsidiaries. Subject to the result of this due diligence, applicable consents and regulatory approvals (if required), the parties will enter into a definitive agreement, which will cover the swap ratio of shares/consideration value as well. Unless a definitive agreement is signed, there is no binding commitment on the part of the parties to proceed with the merger.

For more information, Contact:
Mian Ejaz Ahmad
Company Secretary
Bank Alfalah Limited
B. A. Building I. I. Chundrigar Road,
Karachi Pakistan,
Tel: (92-21) 2414030-10
Fax: (92-21) 2411151