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KASB Bank Limited’s bid regarding sale of shares of Khushhali Bank Limited

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by February 23, 2012 Miscellaneous

Karachi: We, KASB Bank Limited (KASBB) would like to inform you that we have accepted United Bank Limited consortium’s bid of Rs.20.44 per share in relation to proposed sale of 0.59% shares owned by us in KBL. Consummation of such sale of shares of KBL is conditional upon certain regulatory consents and approvals. United Bank Limited consortium comprises of United Bank Limited; ASN-NOVIB Microkredietfonds; responsibility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS: and Shore cap II Limited.

For more information, contact:
Muhammad Hamidullah
Company Secretary
KASB Bank Limited
Principal Office: Business and Finance Centre,
I.I. Chandigarh Road, Karachi, 74000, Pakistan
Tel: (PABX) 92-21-32446005-10, 32446772-7
UAN: 021-111-555-666
Fax: 92-21-32446828


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