August 20, 2017 12:45 AM ET

Banks

Company Overview of Burj Bank Limited

Company Overview

Burj Bank Limited provides Islamic banking solutions in Pakistan. It offers retail banking services, such as business accounts, saving accounts, monthly income accounts, current accounts, and term deposit certificates; Takaful products; and auto finance. The company provides fund based products, trade finance, and non-fund based products for corporate customers; fleet financing for corporate and SME customers; and services for treasury and financial institutions. It also offers Internet and phone banking services; and ATM cards. Burj Bank Limited was formerly known as Dawood Islamic Bank Limited and changed its name to Burj Bank Limited in July 2011. The company was founded in 2007 and is ba...

Trade Centre

I.I. Chundrigar Road

Karachi,  74000

Pakistan

Founded in 2007

Phone:

92 21 3263 7174

Fax:

92 3227 2466

Key Executives for Burj Bank Limited

Head of Operations
Group Head of Consumer Banking
Group Head of Corporate Banking
Group Head of Strategy Planning & SME
Compensation as of Fiscal Year 2017.

Burj Bank Limited Key Developments

Summit Bank Interested In Acquiring Burj Bank

Summit Bank Limited (KASE:SMBL) has shown interest in acquiring Burj Bank Limited and the State Bank of Pakistan had also approved due-diligence for it. Summit Bank and the Bank of Khyber (KASE:BOK) recently undertook due diligence of Burj Bank. Earlier, the National Bank of Pakistan (KASE:NBP) and MCB Bank Ltd. (KASE:MCB) also conducted the due diligence exercise.

Summit Bank Interested In Acquiring Burj Bank

Summit Bank Limited (KASE:SMBL) has informed the central bank that it wants to acquire a majority stake in Burj Bank Limited. Summit Bank have applied to the State Bank of Pakistan (SBP) for permission to conduct due diligence of Burj Bank, according to the stock notice issued by the Summit Bank.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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