Fauji Fertilizer Bin Qasim Limited’s acquisition of Askari Bank
Karachi, June 13, 2013 (PPI-OT): We would like to inform you that State Bank of Pakistan (SBP) has issued its approval for the acquisition of 71.9% of paid-up shares of Askari Bank Limited by the Consortium of Fauji Foundation (FE), Fauji Fertilizer Company limited (FFCL) and Fauji Fertilizer Bin Qasim Limited (FFBL). Individually the Consortium members will hold the shareholding of Askari Bank in proportion of 7.2% by FF, 43.1% by FFCL and 21.6% by FFBL.
For more information, contact:
Brig Shaukat Yaqub Malik, SI(M), (Retd)
Fauji Fertilizer Bin Qasim Limited
73-Harley Street, Rawalpindi-Pakistan,
Tel: 92 51 9272196-7,
Fax: 92 51 9272198-9