KASB Bank Limited’s Sale of Shares of Khushhali Bank Limited (KBL) : AsiaNet-Pakistan

KASB Bank Limited’s Sale of Shares of Khushhali Bank Limited (KBL)

[ 0 ] June 5, 2012 | Dividend Distribution | Share:

Karachi, June 05, 2012 (PPI-OT): We would like to inform you that KASB Bank Limited (KASB) (the Bank) has executed the Share Purchase Agreement of date with United Bank Limited consortium comprising of United Bank Limited; ASN-NOVIB Microkredietfonds; responsibility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS; and Shorecap II Limited (UBL Consortium) whereby the Bank has sold its holding of 0.59% shares in KBL in line with UBL Consortium’s bid of Rs.20.44 (approx.) per share and in accordance with the regulatory approvals.

For more information, Contact:
Muhammad Hamidullah
Company Secretary
KASB Bank Limited
Principal Office: Business and Finance Centre,
I.I. Chundrigar Road, Karachi, 74000, Pakistan
Tel: (PABX) 92-21-32446005-10, 32446772-7
UAN: 021-111-555-666
Fax: 92-21-32446828
Web: www.kasb.com

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Category: Dividend Distribution

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