JS Bank Initiates Book Closure of BankIslami Pakistan Limited for Acquisition Offer

Karachi, JS Bank Limited, in compliance with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, and Securities Act, 2015, has announced the closure of share transfer books of BankIslami Pakistan Limited. The closure will be in effect from August 03, 2023, to August 09, 2023 (both days inclusive), as part of the process to determine the entitlement of shareholders to receive the offer letter for the acquisition of 275,891,286 shares of BankIslami Pakistan Limited. This initiative follows the Public Announcement of Offer made by JS Bank Limited and their Manager to the Offer on June 27, 2023.