Tuesday, September 17, 2024
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HomeFinanceForexJS BANK APPROVES NEW CURRENCY EXCHANGE COMPANY, REIT INVESTMENT, AND BOARD APPOINTMENTS

JS BANK APPROVES NEW CURRENCY EXCHANGE COMPANY, REIT INVESTMENT, AND BOARD APPOINTMENTS

JS Bank Limited ke Board of Directors ne 27 August 2024 ko apni meeting mein ye decisions kiye:

– Ek Currency Exchange Company qaim ki jayegi jiska shuruati paid-up capital 700 million PKR hoga, jo Bank ki wholly owned subsidiary hogi. Yeh faisla State Bank of Pakistan aur Securities and Exchange Commission of Pakistan se manzoori aur tamaam qanooni shiraa’atein poori karne ke baad amal mein aayega.

– Bank ke shareholders ki manzoori se, 606 million PKR ka investment kiya jayega Real Estate Investment Trust (REIT) mein, jo JS Investments Limited ke zariye manage kiya jayega. Yeh investment 467 million PKR bank owned properties ke transfer aur 138 million PKR cash contribution ke zariye kiya jayega.

– Mr. Saad Ali Bhimjee ko Non-Executive Director aur Mr. Basir Shamsie ko Executive Director ke taur par appoint kiya jayega, jo Board of Directors ki khaali positions ko bharne ke liye hain. Yeh appointments 27 August 2024 se effective honge, lekin State Bank of Pakistan se Fit & Proper Test (FPT) clearance ke baad.

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