Karachi: The Saudi National Bank (SNB) has decided to terminate the process of selling its equity stake in Samba Bank Limited, according to a report filed on November 12, 2024. This decision was communicated in compliance with the Securities Act, 2015, and the regulations of the Pakistan Stock Exchange Limited (PSX).

The disclosure indicates that after completing due diligence and exploring potential sale options, SNB, the majority shareholder of Samba Bank Limited, chose not to proceed with the sale of its shares in the bank. The decision directly impacts the listed securities associated with Samba Bank Limited.

According to information available from the Pakistan Stock Exchange (PSX), this announcement is part of the public disclosure of inside information concerning a listed company, as required by Sections 96 and 131 of the Securities Act, 2015, along with Clause 5.6.1 of the PSX Rule Book.

The official notification was signed by authorized representatives of Samba Bank Limited, affirming the termination of the sale process. The registered office of the company is located in Karachi. The disclosure is conveyed through a formal statement, which was enclosed as Annexure A in the report.