Silkbank Limited’s Material Information –Acquisition of 11.24% of Gharibwal Cement

Karachi: The Bank has entered into a debt-equity swap transaction with the Sponsors of Gharibwal Cement Ltd. (GCL), whereby the Bank has acquired 45 million shares (11.24%) of GCL.

The information is being provided in accordance with the Listing Regulation No. 35 under Code of Corporate Governance for dissemination of material information.

For more information, contact:
Uzman Naveed Chaudhary
Company Secretary/ Head of Investor Relations
and Legal Affairs
Silkbank Limited
Silkbank Building,
I. I. Chundrigar Road,
Karachi – Pakistan
Tel: (021) 111-00-7455
Fax: (021) 32460464