Pakistan, May 6 -- Bank Al Habib Limited (BAHL) has officially closed its representative office in Nairobi, Kenya, following approvals from both the State Bank of Pakistan and the Central Bank of Kenya. The closure, effective May 15, 2025, marks the end of BAHL's four-year presence in East Africa.

The representative office, established in 2020, was BAHL's first venture into the African market. It primarily engaged in marketing, research, and liaison activities, without offering direct banking services. The decision to shut down the office aligns with BAHL's broader strategic objectives and is not expected to significantly impact its overall financial position.

The closure follows a directive from the Central Bank of Kenya issued in late...