Media pressure seems to have worked. JS Group is offering Bank Islami’s minority shareholders cash instead of their stocks.
Detailed video: Inflated stocks & Jahangir Siddiqui’s bid to own two banks
#jsbank #jsglobal #psx
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I never thought this was possible in Pakistan. Kudos to PROFIT for leading from the front and protecting the rights of small shareholders. I know a lady, who is an old age pensioner and a widow, and has been a loyal investor in Bank Islami based on her religious convictions. She does not know much about stock exchange and probably unaware of the drama unfolding in the past couple of weeks and the unholy alliance between SECP, PSX and JS group. You will be blessed with the Dua’as of many like her.
Good job