Bank Alfalah partners with IFC

ABU DHABI: Bank Alfalah Limited and International Finance Corporation (IFC) announced that both parties have signed definitive agreements for IFC’s proposed investment in Bank Alfalah. According to the key agreed terms, IFC will acquire a strategic equity stake in Bank Alfalah of up to 20%. IFC will initially invest up to $67 million in Bank Alfalah to subscribe to 15% equity stake. The transaction is expected to close after obtaining final regulatory approvals before the end of the year.

Published in The Express Tribune, November 22^nd, 2014.

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