Karachi, Samba Bank Limited informed Pakistan Stock Exchange that the Bank is pleased to submit a Public Announcement of Intention to acquire up to 84.51% of issued and paid up capital along with management control of Samba Bank Limited (°Target Company”).
Samba Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is listed on the Pakistan Stock Exchange Limited. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia.
The total numbers of shares of the Bank are quoted as 1,008,238,648. The Earnings per shares of the Bank is 1.00 in 2020 which was 0.68 in 2019. The Profit after Taxation is 1,011,669,000 in 2020 which was 686,458,000 in 2019.