{"id":4631,"date":"2025-04-17T11:35:23","date_gmt":"2025-04-17T06:35:23","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4631"},"modified":"2025-04-17T11:35:23","modified_gmt":"2025-04-17T06:35:23","slug":"faysal-bank-terminates-talks-on-potential-acquisition-of-ithmaars-portfolio","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4631","title":{"rendered":"Faysal Bank terminates talks on potential acquisition of Ithmaar\u2019s Portfolio"},"content":{"rendered":"<p class=\"\" data-start=\"61\" data-end=\"256\"><strong data-start=\"61\" data-end=\"72\">KARACHI<\/strong> \u2013 <a href=\"https:\/\/www.faysalbank.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Faysal Bank Limited (FBL)<\/a> has officially announced the termination of discussions regarding the potential acquisition of Ithmaar Holding B.S.C.\u2019s financing and investment portfolio.<\/p>\n<p class=\"\" data-start=\"258\" data-end=\"525\">In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, Faysal Bank confirmed that Ithmaar Holding, the sponsor shareholder of FBL, along with GFH Financial Group B.S.C., have mutually agreed to call off the talks related to the proposed acquisition.<\/p>\n<p class=\"\" data-start=\"527\" data-end=\"744\">\u201cThere is no other material aspect related to this matter that requires disclosure at this time,\u201d the notice stated, adding that the company secretary was authorized by the Board of Directors to make the announcement.<\/p>\n<p class=\"\" data-start=\"746\" data-end=\"900\">The termination marks the conclusion of previously reported negotiations and indicates that FBL will no longer pursue the acquisition of Ithmaar\u2019s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI &ndash; Faysal Bank Limited (FBL) has officially announced the termination of discussions regarding the potential acquisition of Ithmaar Holding B.S.C.&rsquo;s financing and investment portfolio. In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, Faysal Bank confirmed that Ithmaar Holding, the sponsor shareholder of FBL, along with GFH Financial Group B.S.C., have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1299],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"KARACHI \u2013 Faysal Bank Limited (FBL) has officially announced the termination of discussions regarding the potential acquisition of Ithmaar Holding B.S.C.\u2019s financing and investment portfolio. 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