Karachi, The Jahangir Siddiqui and Co. Limited informed Pakistan Stock Exchange in Accordance with the approval granted by the State Bank of Pakistan, JS Bank Limited has acquired 86,316,954 ordinary shares (Constituting 7.79% paid-up Capital) of Bankislami Pakistan Limited from Emirates NBD Bank PJSC on November 11, 2022.
“Jahangir Siddiqui & Co. Ltd. (JSCL) is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies.
The Company is now listed on Pakistan Stock Exchange Limited and quoted shares of it that are 915,942,388. The Earnings per shares of the Company is 1.32 in 2020 which was 0.39 in 2019. Their Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.”