Faysal Bank Limited (FBL) is one of the most prominent and fastest growing retail banks in Pakistan.

FBL, including its predecessors, has been in operations for the last 30 years and was incorporated in Pakistan on 3 October 1994. FBL shares are listed on the Pakistan Stock Exchange. FBL is mainly engaged in in Commercial, Retail, Corporate and Islamic banking activities and strives to provide quality service to its customers to meet their financial needs. FBL’s branches have been transformed into multi-product selling hubs through which customers can access a wide variety of products and services. There is also a great deal of focus on realising synergies between FBL’s various operating units to ensure maximum value creation and holistic customer solutions. Ithmaar Bank owns 66.57 percent of FBL.

FBL’s total assets and total shareholders’ equity as of 31 December 2020 amounted to PKR 710 billion (equivalent BD1.6 billion) and PKR 60 billion (equivalent BD141 million) respectively.

Dilmunia Development Fund I L.P. (the Fund) is an exempted limited partnership formed and registered under the laws of the Cayman Islands.

The General Partner in the Partnership is Ithmaar-Dilmunia General Partner Company Limited. The Fund has been formed to acquire 650,000 square meters of land (the Land) within the Health Island — Dilmunia Project in Bahrain to develop the infrastructure and sell the Land in parcels.

The total assets and total shareholders’ equity as of 31 December 2020 amounted to BD54 million and BD48 million respectively.