Fauji Foundation to acquire majority stake in Silk Bank

In a latest notification to PSX, Fauji Foundation (FF) has expressed its intention to acquire majority stake in Silk Bank Limited (PSX:SILK).

As a part of the process, Silk Bank has been requested to allow FF to conduct due diligence of Silk Bank and in this regard FF intends to apply to SBP for the requisite approval of the same.

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