Faysal Bank Limited (PSX: FABL) has injected Rs. 200 million through a rights issue in its subsidiary, Faysal Bank Limited, the bank informed the Pakistan Stock Exchange on Monday.
The bank said the capital injection has been made to ensure compliance with the minimum regulatory capital requirements of its subsidiary, FICECL.
Faysal Bank had received approval from the Securities and Exchange Commission of Pakistan in January 2024 to establish a currency exchange company as a wholly owned subsidiary. The exchange company specialises in foreign exchange trading, with a focus on competitive rates and streamlined transaction processes.
Faysal Bank Limited is primarily engaged in conventional and Islamic banking, covering corporate, commercial, and consumer banking segments across Pakistan.
