Bank Alfalah Sells Securities Unit to Optimus

Bank Alfalah Limited has completed the divestment of its subsidiary, Alfalah Securities, to Optimus Capital Management. This strategic move aligns with Bank Alfalah’s focus on its core banking operations and streamlining its business portfolio. Bank Alfalah Limited (PSX: BAFL) has officially concluded the sale of its entire stake in its subsidiary, Alfalah Securities (Private) Limited.

In a disclosure to the Pakistan Stock Exchange – PSX today, the Bank confirmed the transfer of 324,999,912 shares equivalent to 95.59% of Alfalah Securities issued and paid-up capital to Optimus Capital Management (Private) Limited. The divestment was approved by shareholders during Bank Alfalah’s 33rd Annual General Meeting on March 20, 2025. The transaction was finalized as of April 30, 2025.

With the share transfer complete, Bank Alfalah no longer holds any ownership or interest in Alfalah Securities, which is no longer classified as a subsidiary or associated entity of the Bank. This move represents a key milestone in Bank Alfalah’s strategic effort to streamline its business and concentrate on its core banking operations.