Askari Bank Limited’s acquisition shareholding by fauji foundation consortium

Karachi, June 13, 2013 (PPI-OT): We would like to inform you that State Bank of Pakistan (SBP) has issued its approval for the acquisition of 71.9% of paid-up shares of Askari Bank Limited (AKBL) by the Consortium of Fauji Foundation (FF), Fauji Fertilizer Company Limited (FFCL) and Fauji Fertilizer Bin Qasim Limited (FFBL). Individually the Consortium members will hold the shareholding of Askari Bank in proportion of 7.2% by FF, 43.1% by FFCL and 21.6% by FFBL.

You may please inform members of your Exchange accordingly.

For more information, contact:
M.A. Ghazali Marghoob
Company Secretary
Askari Bank Limited
AWT Plaza, The Mall, P.O. Box 1084,
PABX: + 92 51 972150-3, 9063000
Fax: + 92 51 9272445- 927245