Mubasher: Six investors from US and European institutions are currently in negotiations with Noor Financial Investment to purchase a 9.59% stake in Meezan Bank, the largest Islamic bank in Pakistan, Al Qabas said, according to Pakistan Today news portal.
It is noteworthy that Noor owns a share of 49.1% in Meezan Bank with a total value of $330 million based on the bank’s market value, Al Qabas added.
None of the six investors will be able to purchase more than 5% of Noor’s stake in Meezan.
Al Qabas reported that Noor did not comment on the names of the six investors.
