Acceptance Period Initiated for BankIslami Pakistan’s Share Acquisition

Karachi, BankIslami Pakistan Limited, in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, has officially announced the commencement of the Acceptance Period for the acquisition of its shares. The process, managed by Next Capital Limited, began on August 15, 2023, and is set to conclude on August 21, 2023. Shareholders entitled to this acquisition have been sent Offer Letters and corresponding instructions by the Manager to the Offer.