Monday, July 22, 2024
News FlashBank Alfalah to acquire stake in QistBazaar

Bank Alfalah to acquire stake in QistBazaar

Pakistan’s Bank Alfalah is acquiring a 7.2% equity stake in QistBazaar and will also be an embedded lending partner for the e-commerce platform, with a total investment of PKR500 million (US$1.76 million), a Facebook post read.

Additionally, the two entities signed a Shariah compliant embedded financing agreement worth up to PKR350 million (US$1.23 million), Business Recorder reported.

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