Scribd Logo
Upload

Welcome to Scribd!

  • Burj Bank Limited, Formerly Known As Dawood Islamic Bank Limited (DIBL), Now Part of Al

    Uploaded by

    M ASIF
    13 views1 page
    Burj Bank Limited was formerly known as Dawood Islamic Bank Limited, which was Pakistan's sixth full Islamic bank established in 2007 through the initiative of First Dawood Group and Islamic Corporation for Private Sector Development. In 2011, the bank was renamed Burj Bank after being acquired by Al Baraka Bank. Separately, Askari Bank's board approved the merger of Askari Leasing Limited with Askari Bank, offering 1.83 shares of Askari Bank in exchange for each share of Askari Leasing, pending shareholder and regulatory approval.

    Original Description:

    Original Title

    M&A Assighment 2

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Burj Bank Limited was formerly known as Dawood Islamic Bank Limited, which was Pakistan's sixth full Islamic bank established in 2007 through the initiative of First Dawood Group and Islamic Corporation for Private Sector Development. In 2011, the bank was renamed Burj Bank after being acquired by Al Baraka Bank. Separately, Askari Bank's board approved the merger of Askari Leasing Limited with Askari Bank, offering 1.83 shares of Askari Bank in exchange for each share of Askari Leasing, pending shareholder and regulatory approval.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views1 page

    Burj Bank Limited, Formerly Known As Dawood Islamic Bank Limited (DIBL), Now Part of Al

    Uploaded by

    M ASIF
    Burj Bank Limited was formerly known as Dawood Islamic Bank Limited, which was Pakistan's sixth full Islamic bank established in 2007 through the initiative of First Dawood Group and Islamic Corporation for Private Sector Development. In 2011, the bank was renamed Burj Bank after being acquired by Al Baraka Bank. Separately, Askari Bank's board approved the merger of Askari Leasing Limited with Askari Bank, offering 1.83 shares of Askari Bank in exchange for each share of Askari Leasing, pending shareholder and regulatory approval.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Burj Bank Limited, formerly known as Dawood Islamic Bank Limited (DIBL), now part of Al

    Baraka Bank, It was Pakistan's sixth full Islamic bank. The bank obtained its license from the
    State Bank of Pakistan in May 2006 and came into effect on Friday, April 27, 2007. The bank
    was a result of the initiative of First Dawood Group, and Islamic Corporation for Private Sector
    Development (ICD). in Jeddah, Unicorn Investment Bank in Bahrain, Al Safat Investment
    Company in Kuwait, Gargash Enterprises (LLC) in Dubai, Singapore-based businessman Essof
    Kolia and Shaikh Abdullah Mohammad Al-Romaizan, an entrepreneur from the Kingdom of
    Saudi Arabia. In July 2011, the bank was renamed Burj Ban
    Askari Bank Limited's board of directors has approved the merger of Askari Leasing Limited
    with Askari Bank. The bank's board of directors at its Monday meeting issued this endorsement
    at Askari Bank's one-year exchange rate in exchange for 1.83 shares of Askari Leasing, subject
    to the approval of shareholders and executive management

    You might also like