United Insurance approves sale of its entire stake in Apna Microfinance Bank to Mobilink Bank
M&A / Public OfferThe United Insurance Company of Pakistan’s board approved the sale of its entire shareholding in Apna Microfinance Bank Limited to Mobilink Microfinance Bank Limited under a share purchase agreement. The proposed transaction remains subject to successful negotiations, due diligence, definitive documentation, and requisite corporate, regulatory, statutory and third-party approvals. The company also disclosed that it intends to enter the Family Takaful business, subject to SECP regulatory approvals.
Key Findings
- The board approved the sale of the company’s entire holding in Apna Microfinance Bank to Mobilink Bank on November 12, 2026.
- The transaction’s consideration and other commercial terms remain subject to finalization; no definitive agreement has been executed at this stage.
- Completion remains contingent on due diligence, definitive transaction documents, and all required corporate, regulatory, statutory and third-party approvals.
- United Insurance intends to enter the Family Takaful business and is pursuing the requisite SECP approvals.
Disclosure Details
Entities Involved
The United Insurance Company of Pakistan Limited, Apna Microfinance Bank Limited, Mobilink Microfinance Bank Limited
Approvals Required
Requisite corporate approvals, Regulatory and statutory approvals, Third-party approvals, Successful negotiations and completion of due diligence
Impact
United Insurance has approved disposal of its entire shareholding in Apna Microfinance Bank to Mobilink Bank; the transaction’s consideration and other commercial terms remain to be finalized.
Risks
The proposed transaction is conditional on successful negotiations, due diligence, execution of definitive transaction documents, and receipt of all required approvals and consents. No definitive agreement has been executed and commercial terms remain subject to finalization.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
