Karachi: In continuation to our announcement dated March 13, 2012, we would like to inform you that the Board of BIPL in its meeting held on March 20, 2012 has decided to issue 204,081,633 (ordinary shares of Rs. 10/- each) as right shares at Rs. 3.92 per share (discount of Rs. 6.08) amounting to Rs. 800 million to meet the minimum capital requirement of SBP. The issue is subject to approval of SBP, Shareholders and SECP and as per terms and/or conditions specified by them.
Please note that a formal announcement of the right issue be undertaken by the Board in a duly convened meeting after receipt of requisite approvals of the Shareholders, Securities and Exchange Commission of Pakistan and State Bank of Pakistan (as required).
For more information, contact:
Syed Shah Sajid Hussain
CFO and Company Secretary
BankIslami Pakistan Limited
11th Floor, Executive, Tower Dolmen City,
Marine Drive, Block- 4, Clifton Karachi.
Tel: 111 – (BIP) 247-111
Fax: 35378373, 111-475-264 (ISLAMI)