PC OFFERS EMPLOYEES 10% OF BANK ALFALAH SHARES
Islamabad, April 2, 2002
Privatisation Commission, (PC) has invited all current and previous employees
(as of July 7, 1997) of Bank Alfalah, formerly known as Habib Credit and
Exchange Bank Limited, to purchase a maximum of 13,889 shares at Rs.26/56 per
share. This offer will remain open until April 30, 2002. Thereafter, the PC
will be free to divest any unsold shares at its sole discretion. At the time
of sale and transfer of management, 10 % of Bank Alfahah's shares were
reserved for sale to its employees.
