UBL to wind up its wholly owned subsidiary

News Image

By MG News | February 20, 2020 at 10:23 AM GMT+05:00

0:00

February 20, 2020 (MLN): The Board of Directors of United Bank Limited (UBL), in its meeting held on February 19, 2020, has resolved to wind up “United Executors and Trustees Company Limited”, a wholly-owned subsidiary of UBL.

‘The company is inactive, hence, winding up of this company will not have any impact on the overall profitability of UBL’, the notice issued by the Bank said.

Besides the aforesaid resolution, the Board of Directors also discussed and announced the financial results for the year ended December 31, 2019, wherein the Bank reaped a decent growth of 33.7% in its net profits after tax to Rs 20.7 billion, from Rs 15 billion earned in the previous year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,630.00 110,105.00
109,405.00
-655.00
-0.59%
BRENT CRUDE 68.51 69.00
68.49
-0.60
-0.87%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.88 67.50
66.86
-0.57
-0.85%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 03, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 02, 2025 at 11:05 PM GMT+05:00

Cement sales flat in FY25


July 02, 2025 at 10:50 PM GMT+05:00

SBP reserves cross $14bn mark in FY25


July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg