Abu Dhabi’s IHC acquires stake in Pakistan’s women bank
Abu Dhabi’s IHC (International Holding Company) has acquired a majority stake in Pakistan’s state-owned First Women Bank Limited (FWBL), reports The National on October 17.
The acquisition by IHC, the largest listed company in the UAE, comes after a privatisation process under Pakistan’s Inter-Governmental Commercial Transactions Act of 2022.
FWBL, established in 1989, operates as a commercial bank and has a nationwide presence of 42 branches.
The National
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