Silkbank

Silkbank Limited was a Pakistani commercial bank headquartered in Karachi.

[3][4] Silkbank was founded in 1994 as Prudential Commercial Bank.

[6] In September 2001, Saudi Pak Industrial and Agricultural Investment Company acquired Prudential Commercial Bank and renamed it as Saudi Pak Commercial Bank.

[7][5] In March 2008, a consortium comprising International Finance Corporation, Bank of Muscat, Nomura and Sinthos Capital led by Pakistani banker Shaukat Tarin acquired a majority stake in Saudi Pak bank for $213 million.

[8] In 2015, Arif Habib Corporation acquired 28.23 percent stake in the bank.