UBL completes sale of UNBL UK shareholding
KARACHI: United Bank Limited (UBL) has finalized the sale of its shareholding in United National Bank Limited UK (UNBL UK), following the receipt of all necessary regulatory approvals, according to a filing with the Pakistan Stock Exchange (PSX) on Friday.
“We are pleased to convey that the transaction for the sale of UBL’s shareholding in UNBL, after obtaining all the regulatory approvals, has been concluded,” stated the bank in its notification.
According to AKD Research, UBL held a 55 per cent stake in UNBL UK.UNBL UK was established in 2001 through the merger of the UK branches of UBL and NBP. Its primary operations include retail banking, wholesale banking, treasury services for financial institutions, and trade finance solutions for businesses of varying sizes.UBL UK currently operates a single branch within the UK.
-
Prince William Questions Himself ‘what’s The Point’ After Saudi Trip -
James Van Der Beek's Friends Helped Fund Ranch Purchase Before His Death At 48 -
King Charles ‘very Much’ Wants Andrew To Testify At US Congress -
Rosie O’Donnell Secretly Returned To US To Test Safety -
Meghan Markle, Prince Harry Spotted On Date Night On Valentine’s Day -
King Charles Butler Spills Valentine’s Day Dinner Blunders -
Brooklyn Beckham Hits Back At Gordon Ramsay With Subtle Move Over Remark On His Personal Life -
Meghan Markle Showcases Princess Lilibet Face On Valentine’s Day -
Harry Styles Opens Up About Isolation After One Direction Split -
Shamed Andrew Was ‘face To Face’ With Epstein Files, Mocked For Lying -
Kanye West Projected To Explode Music Charts With 'Bully' After He Apologized Over Antisemitism -
Leighton Meester Reflects On How Valentine’s Day Feels Like Now -
Sarah Ferguson ‘won’t Let Go Without A Fight’ After Royal Exile -
Adam Sandler Makes Brutal Confession: 'I Do Not Love Comedy First' -
'Harry Potter' Star Rupert Grint Shares Where He Stands Politically -
Drama Outside Nancy Guthrie's Home Unfolds Described As 'circus'