Sammaan Capital Limited — Important, 13-11-2024: Updates

The Board of Directors of Sammaan Capital Limited has approved the acquisition of the legacy wholesale loans business from its wholly owned subsidiary, Sammaan Finserve Limited. This strategic move is aimed at strengthening the company's operational capabilities and consolidating its position in the market. The acquisition will occur at a lump sum consideration, with the specifics outlined in a forthcoming agreement between the two entities. This initiative reflects the company’s commitment to enhancing its business portfolio and could offer growth opportunities moving forward, warranting close observation from investors.