Karachi: Samba Bank Limited has announced the suspension of trading for its Term Finance Certificate (TFC), identified as [SBLTFC], as part of the bank’s preparations for the 8th profit payment. The suspension will occur from February 20, 2025, to February 27, 2025, with trading set to resume on February 28, 2025.

The announcement follows the bank’s decision to initiate the Book Closure process from February 21, 2025, through February 27, 2025. This period is designated for organizing the profit payment to the certificate holders, ensuring all financial obligations are met accordingly.

According to information available from the Pakistan Stock Exchange (PSX), the suspension of trading is a strategic move to facilitate a smooth transaction for the bank’s stakeholders, minimizing market disruption during the Book Closure period. The market category designated for this financial instrument is crucial to note, as it impacts the strategic decisions and transparency requirements involved in the trading process.

The resumption of trading on February 28, 2025, will enable stakeholders to continue their financial activities with the assurance that the profit payment procedures have been duly completed. Samba Bank Limited’s commitment to maintaining transparency and efficiency in its financial operations is evident through this structured approach to handling its Term Finance Certificate obligations.