Mubasher: Noor Financial Investment has announced the sale of 36.164 million shares in Pakistan’s Meezan Bank, according to a bourse statement on Wednesday.

This equity represents 3.4% of the capital, valued at $21.27 million (KWD 6.42 million).

Following this selling transaction, Noor Financial will own a stake of 42.94% in Meezan Bank.

The financial impact of this transaction will be KWD 1.33 million profits that will be registered in the income statements of the second quarter of 2018. Furthermore, the shareholders’ equity rights will increase by KWD 2.58 million.