GLOBAL: UAE investment firm IHC announced the acquisition of a majority stake in Pakistan’s state-owned First Women Bank under a privatization exercise. The full-fledged commercial bank has 42 branches nationwide, offering retail, SME and corporate banking services. This deal is seen as a first under a G2G framework, reflecting UAE’s support for Pakistan’s financial sector and reform agenda – especially to be fully Islamic from 2028.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
