Bank Alfalah Limited announces intention to acquire 84.51% shares and control of Samba Bank Limited
Acquiring Company
Bank Alfalah
Acquired Company
Samba Bank Limited
PakistanKarachiFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Bank Alfalah Limited has publicly announced its intention to acquire approximately 84.51% shareholding and control of Samba Bank Limited, subject to obtaining the requisite regulatory approvals. The public offer will be made for at least fifty percent of the remaining voting shares in accordance with the Listed Companies Regulations.
Quick answer
Bank Alfalah is acquiring Samba Bank Limited, announced April 15, 2024. Bank Alfalah is based in Pakistan.
- How much did Bank Alfalah pay for Samba Bank Limited?
- The deal value was not disclosed.
- What does Bank Alfalah do?
- Bank Alfalah is a leading commercial bank in Pakistan, with a network of over 1,000 branches across 200 cities and an international presence in the UAE, Bahrain, and Afghanistan.
- Where are Bank Alfalah and Samba Bank Limited based?
- Bank Alfalah is based in Pakistan. Samba Bank Limited is based in Karachi, Sindh, Pakistan.
- Who are the decision-makers at Bank Alfalah?
- Fundz holds 2 contacts at Bank Alfalah. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Bank Alfalah, and when
When Bank Alfalah changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Bank Alfalah raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Bank Alfalah, from your own LinkedIn network
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Frequently asked
Who acquired Samba Bank Limited?
Samba Bank Limited was acquired by Bank Alfalah, based in Pakistan. The deal was reported on April 15, 2024. Bank Alfalah is a leading commercial bank in Pakistan, with a network of over 1,000 branches across 200 cities and an international presence in the UAE, Bahrain, and Afghanistan. Bank Alfalah is privately held and operates in Financial Services.
When did Bank Alfalah acquire Samba Bank Limited?
Bank Alfalah's acquisition of Samba Bank Limited was reported on April 15, 2024. Bank Alfalah Limited has publicly announced its intention to acquire approximately 84.51% shareholding and control of Samba Bank Limited, subject to obtaining the requisite regulatory approvals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Samba Bank Limited do?
Samba Bank Limited is a majority owned subsidiary of Saudi National Bank (Formerly SAMBA Financial Group) of Saudi Arabia. It is privately held, operating in Financial Services, and is based in Karachi.
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