Pakistan Sells First Women Bank to UAE-Based IHC for $14.6 Million Under G2G Deal
Pakistan has sold its entire stake in First Women Bank Limited to UAE-based International Holding Company for $14.6 million, marking the first privatisation under the Shehbaz Sharif government. The deal, executed under the IGCT framework, gives the buyer strategic access to the banking sector with plans for rapid expansion.
UAE’s IHC takes majority stake in First Women Bank to modernize Pakistan’s banking landscape
UAE’s International Holding Company has acquired an 82.64% stake in First Women Bank Limited for Rs4.1 billion under Pakistan’s Inter-Governmental Commercial Transactions Act, marking a significant step toward modernizing the bank and boosting bilateral economic cooperation.
Pakistan Greenlights UAE-Backed Bid for First Women Bank Limited Privatization, Boosting Foreign Investment Confidence
Pakistan has approved a UAE-backed bid for the privatization of First Women Bank Limited, marking a major step in its economic reform and privatization agenda to attract foreign investment and strengthen investor confidence.
Pakistan to Privatise 82% Stake in First Women Bank as UAE Firm Secures Majority Ownership
Pakistan is set to privatise its 82.64% stake in First Women Bank Limited through a G2G deal with a UAE-based firm, marking a significant step in the country’s privatisation programme aimed at revitalising state-owned institutions and attracting foreign investment.