KARACHI: Bank Alfalah Limited (PSX: BAFL) has finalized the complete sale of its subsidiary, Alfalah Securities (Private) Limited, effectively ending its equity involvement in the company.
In an official filing to the Pakistan Stock Exchange (PSX), the bank stated that it has divested “324,999,912 shares, representing 95.59 percent of Alfalah Securities’ issued and paid-up capital,” transferring them to “M/s. Optimus Capital Management (Private) Limited.”
This strategic move received prior approval during Bank Alfalah’s “33rd Annual General Meeting on March 20, 2025,” and was executed in alignment with all relevant regulatory and legal frameworks. The sale transaction was fully completed by “April 30, 2025,” according to the bank’s communication shared today.
Following the transfer of shares, Bank Alfalah confirmed that “it no longer holds any interest in Alfalah Securities.” As a result, Alfalah Securities has officially ceased to be “a subsidiary or associated undertaking of the Bank.”
The bank noted that the divestment reflects a broader realignment of its strategic priorities. However, specific details about future focus areas were not disclosed. The transaction marks a significant change in Bank Alfalah’s corporate structure and signals a new direction for both entities involved.