Bank AL Habib Limited has disclosed that its Board of Directors has approved negotiations to acquire an additional 33.33% shareholding in AL Habib Capital Markets (Pvt.) Limited, aiming to make it a wholly-owned subsidiary.
- The decision was made during a Board meeting on August 20, 2026.
- This acquisition is subject to approvals from the State Bank of Pakistan and other regulatory authorities.
- The move is expected to enhance the Bank's strategic positioning in the capital markets sector.
- No financial details regarding the acquisition costs or expected revenue contributions were disclosed.