UBL receives SBP approval for share capital subdivision

MG News | May 23, 2025 at 02:27 PM GMT+05:00

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May 23, 2025 (MLN): United Bank Limited (PSX: UBL) has received a "No Objection" from the State Bank of Pakistan (SBP) for the proposed amendments in its Memorandum and Articles of Association to reflect the approved subdivision of its share capital.

Earlier, the shareholders of UBL had approved the subdivision of the Bank's existing authorized, issued, and paid-up capital, whereby each one (01) ordinary share of Rs10/- would be split into two (02) ordinary shares of Rs5/- each.

This change does not affect any rights, privileges, or entitlements attached to the shares, the notification issued to the local bourse.

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