UNIC to sell Apna Microfinance Bank stake to Mobilink Bank

November 13, 2026 (MLN): The United Insurance Company (PSX:UNIC) has approved the sale of its entire shareholding in Apna Microfinance Bank Limited to Mobilink Microfinance Bank Limited, following a resolution of its board of directors dated Nov 12, 2026.

The sale will proceed on the terms and conditions set out in the Share Purchase Agreement entered into with Mobilink Bank.

In a notice to the Pakistan Stock Exchange (PSX), the company said the deal relates to the proposed acquisition by Mobilink Bank of shares in Apna Microfinance Bank, which was made public through an announcement of intention dated March 12, 2026 and extended on Sept 7, 2026.

The disclosure was made under Rule 5.6.1 of the PSX Rule Book, read with Sections 96 and 131 of the Securities Act, 2015.

The company added that the transaction remains subject to all required corporate, regulatory and third-party approvals, and that it will keep the PSX informed of any material developments.

In the same notice, UNIC said its board has also approved the publication of its intention to enter the family takaful business. The company is in the process of obtaining the required regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP).

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