SIL to buy Atlas Bank, AHBL, My Bank

KARACHI (APP) - Atlas Group has entered into an agreement with Suroor Investment Ltd (SIL) to sell 58.31 percent of its stake in Atlas Bank Ltd at Rs 4.5 per share. According to information despatched to Karachi Stock Exchange here Tuesday, Atlas Bank said that SIL has also entered into an agreement to purchase majority shares of Arif Habib Bank Ltd (AHBL) and May Bank Ltd. After completing the purchase transactions, SIL is intended to merge three banks into one entity.

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