SBP approves Bank Alfalah share subdivision plan

State Bank of Pakistan (SBP) has granted approval to Bank Alfalah Limited for amendments to its capital structure to facilitate a proposed subdivision of shares.

The bank disclosed to the Pakistan Stock Exchange on Thursday that the central bank had issued a no-objection certificate for changes in the capital clauses of its Memorandum and Articles of Association.

The approval, conveyed through a letter dated March 17, 2026, allows the bank to proceed with the share subdivision, subject to compliance with applicable laws and regulatory requirements.

The development follows the bank’s earlier communication submitted in February regarding the proposed changes.

The share subdivision is expected to be carried out after completion of necessary regulatory and corporate formalities.