SBP Approves Bank Alfalah Share Subdivision Plan

The State Bank of Pakistan has granted formal approval to Bank Alfalah Limited for amendments to its capital structure, enabling the bank to proceed with a proposed subdivision of its shares.

In a disclosure submitted to the Pakistan Stock Exchange on Thursday, the bank confirmed that the central bank has issued a no-objection certificate (NOC) permitting revisions to the capital-related clauses contained in its Memorandum and Articles of Association.

As per the approval communicated through a letter dated March 17, 2026, the bank is authorised to undertake the share subdivision process, subject to full compliance with applicable legal provisions and regulatory frameworks.

This development follows the bank’s earlier intimation submitted in February outlining the proposed restructuring measures.

The execution of the share subdivision will proceed upon completion of all requisite corporate actions and regulatory formalities in accordance with prevailing laws.