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HSBC HOLDINGS PLC AGREES TO SELL ITS BUSINESS IN PAKISTAN TO MEEZAN BANK LIMITED – RINB

Sanie Khan
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  • hsbcHSBC HOLDINGS PLC AGREES TO SELL ITS BUSINESS IN PAKISTAN TO MEEZAN BANK LIMITED – RINB
  • HSBC Bank Middle East Limited (HBME), indirect wholly-owned subsidiary of HSBC Holdings plc, enters into agreement
  • To sell its banking business in Pakistan (Business) to Meezan Bank Limited (Meezan)
  • Through scheme of amalgamation under Pakistan Banking Companies Ordinance, 1962 (Transaction)
  • Transaction expects to complete during second half of 2014

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)