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Bank Alfalah has taken a formal step toward divesting its Afghanistan operations after confirming that Ghazanfar Bank has submitted a non binding offer a move that signals the start of a potential transaction, subject to regulatory clearance and successful due diligence.
In a notice to the Pakistan Stock Exchange (PSX), Bank Alfalah Limited (BAFL) announced that Ghazanfar Bank has expressed interest in acquiring its Afghanistan business. The bank stated that the offer is non binding, meaning the transaction will only move forward if several conditions are met, including due diligence and regulatory approvals.
Bank Alfalah has been reviewing its Afghanistan operations for some time as part of broader regional adjustments. The latest offer creates a structured pathway for a possible exit, pending approvals from:
- State Bank of Pakistan (SBP)
- Da Afghanistan Bank (DAB)
Once permissions are granted, Ghazanfar Bank will begin its due-diligence process to assess the Afghan operations in detail.
At the time the disclosure was made, BAFL’s share price was trading at Rs104.44, reflecting a slight upward move of Rs0.07 (+0.07%), indicating stable investor sentiment following the announcement.
The PSX notice emphasizes that the transaction will progress only after formal agreements and legal compliance, stating that the deal depends on meeting “all applicable laws and securing necessary regulatory approvals” before any sale is finalized.
