Faysal Bank Limited (PSX: FABL) disclosed to the Pakistan Stock Exchange (PSX) today that its sponsor shareholder, Ithmaar Holding B.S.C., and GFH Financial Group B.S.C. have mutually agreed to terminate discussions regarding a potential acquisition.
According to the disclosure, this decision follows detailed deliberations between the two parties concerning the potential acquisition of Ithmaar’s financing and investment portfolio. The termination of talks was announced in continuation of an earlier disclosure dated May 30, 2024.
Faysal Bank confirmed there are no further material aspects requiring disclosure at this time, and the company’s Board of Directors has authorized the issuance of this update.
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