UNIC to sell Apna Microfinance Bank stake to Mobilink Bank

United Insurance Company (UNIC) has approved transferring its complete holding in Apna Microfinance Bank to Mobilink Microfinance Bank, Mettis Global reported on November 13. The decision followed a board resolution passed on November 12, with the sale governed by an agreement signed with Mobilink Bank.

The proposed purchase was first announced on March 12, 2026, and its intention period was extended on September 7, 2026. Completion still depends on corporate, regulatory and third-party clearances, and UNIC said it would inform the Pakistan Stock Exchange about material updates. Separately, its board approved publishing an intention to enter family takaful, for which the company is seeking Securities and Exchange Commission of Pakistan approvals.