Bank Alfalah Limited (PSX: BAFL) has formally announced that it has completed the divestment of its entire shareholding in its subsidiary, Alfalah Securities (Pvt) Limited.
The update was disclosed in a stock filing to the Pakistan Stock Exchange (PSX) today.
According to the statement, the sale involved 324,999,912 shares, representing 95.59 percent of Alfalah Securities’ issued and paid-up capital, which have been transferred to M/s. Optimus Capital Management (Private) Limited. The move follows shareholder approval granted during the Bank’s 33rd Annual General Meeting on March 20, 2025.
As of April 30, 2025, the transaction has been successfully completed, and Bank Alfalah has confirmed that it no longer holds any interest in Alfalah Securities. The company has therefore ceased to be a subsidiary or associated undertaking of the Bank.