Karachi: Maple Leaf Cement Factory Limited has announced the receipt of a No Objection Certificate from the Competition Commission of Pakistan, allowing it to explore the acquisition of up to 29.9% of the voting shares of Faysal Bank Limited. This development was disclosed in a communication dated March 17, 2026.

The company clarified that the approval of the certificate serves as a preliminary regulatory step in considering a strategic investment. No definitive or binding decisions have been made by the Board of Directors to proceed with the acquisition at this point. According to information available from the Pakistan Stock Exchange (PSX), the potential acquisition forms part of a broader strategy still subject to internal evaluations, additional approvals from the State Bank of Pakistan, and completion of other necessary legal and regulatory processes.

Maple Leaf Cement Factory Limited has committed to keeping the exchange informed about any substantial progress on this matter. The company has also requested the Pakistan Stock Exchange to notify its TRE Certificate Holders about the current status of this potential acquisition.