Silkbank agrees to sell majority stake to Fauji Foundation
Silkbank agrees to sell majority stake to Fauji Foundation Business January 29, 2021 KARACHI: A multi-industry company Fauji Foundation on Thursday got consent of Silkbank Limited to acquire the bankâs majority stake. Financial terms were not disclosed. The bank allowed Fauji Foundation to conduct due diligence of Silkbank and the company intends to apply to the State Bank of Pakistan for the requisite approval, the bank said in a filing with the Pakistan Stock Exchange. The bankâs ...
Source: thenews.com.pk