Local Investment Bank Attracts Offer from Dubai-Based Investor

Invest Capital Investment Bank, a local investment bank, has received an offer from a Dubai-based company to acquire its major stakes comprising 55 percent shareholding.

According to the stock disclosure, the local investment bank said that Dubai Climate Trading LLC approached its management to purchase major shares as negotiations on the potential deal are underway.

The bank will inform the authorities for a prospect deal formally, in case the negotiation is succeeded for sale and purchase of 158 million shares, the official notification further stated.


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The investment banks have been facing a tough business scenario in Pakistan as the majority of these companies are running in losses. Investors from different sectors are looking for acquiring shares in these banks in Pakistan, such as Bahria Town’s acquisition of Escorts Investment Bank a couple of years ago.

Invest Capital Investment Bank Lt, a Pakistani investment bank providing financial management and advisory services with offices in the four major cities of the country also witnessed a tough period. The bank shouldered huge liabilities till the last financial year. However, its management somehow recorded aggressively an amount of over Rs. 150 million as the liabilities, which has now left at Rs. 17 million on the account of non-performing loans by the end of the financial year 2019-20.

The bank also made a profit of Rs. 46 million in the same year as against the losses of Rs. 116 million posted in the previous financial year.

The shareholders of InvestBank are a multinational group of investors. These investors include renowned business groups of UAE, with significant regional interests in the financial sector.


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The potential investment, Climate Global Control Trading LLC, is also based in Dubai. It is a service providing company that offers a unique service with an innovative technology outperforming the standard understanding of the impact on the climate for decades to come, which allows controlling the weather, temperature, precipitation, and increasing the groundwater level.

The company embarked upon a project in Balochistan in 2018.



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