Karachi: It is submitted that the name of the Sponsor Company of Faysal Bank Limited (FABL) has changed from Shamil Bank of Bahrain B.S.C. to “Ithmaar Bank B.S.C”. The Sponsor Company has substantial shareholding i.e. 44.83% Shares of the total Paid-up capital of the FBL. The State Bank of Pakistan (SBP) has granted its NOC vide letter No. BPRD(R and P-02)/602-Misc/2011/3187 dated October 27, 2011. For the subject change Copy of SBP’s letter is enclosed for your records. After obtaining NOC form SBP’s the process of change of name was initiated in CDC, which has been completed now.
State Bank of Pakistan Banking Policy and Regulations Department Karachi
Change of Name of Sponsor Shareholder
Please refer to your letter ref: FBL/CS and LA/2011/2312 dated October 05, 2011 and other relevant correspondence on the captioned subject.
In this regard, it is informed that State Bank of Pakistan would have no objection to change the title of the Shamil Bank’s sponsor account under Sub-account No. 02295-1086 maintained with Central Depository Company of Pakistan Ltd., to Ithmaar Bank B.S.C., subject to compliance with all applicable laws and regulations. Kindly updated this office with any development in this regard.
For more information, contact:
Muhammad Raza Khan
Faysal Bank Limited
Faysal House, ST.02, Shahrah-e-Faisal,
UAN: 021 111 747 747
Tel: 021 3279 5200
Fax: 021 3279 5228