Banking News – Prime Commercial Bank Limited has announced the sale of founder shares held by its existing founder shareholders.

The bank has invited its existing founder shareholders who are interested in purchasing the shares to submit their applications within 35 days from the date of publication of the notice.

According to the bank, details regarding the selling founder shareholders and the sale price of the shares can be obtained by contacting the Office of the Company Secretary. However, the bank has not disclosed the total number of founder shares being offered for sale.

The bank further stated that if no applications are received from existing founder shareholders within the specified period, the founder shares will be offered to new investors in accordance with the prevailing legal provisions.