Jahangir Siddiqui & Co to invest Rs1.669 bn in Bank Islami Pakistan

The shareholders of Jahangir Siddiqui & Co Ltd, the flagship company of JS Group, in their general meeting held on February 2, have unanimously approved to invest up to Rs1.669 billion in the Bank Islami Pakistan Limited. On December 30, 2014, the Board of Directors of Bank Islami Pakistan Limited had approved to issue ordinary shares of Rs10/- each by way of rights to its members to raise the paid up capital of the bank by Rs4.320 billion.