Mobilink Microfinance Bank signs deal to acquire 82.51% stake in Apna Microfinance Bank from United Insurance group

Mobilink Microfinance Bank has agreed to buy a controlling 82.51% holding in Apna Microfinance Bank from United Insurance Company of Pakistan and its group, Profit by Pakistan Today reported. Separate PSX filings on November 13 said United Insurance’s board had approved the sale, which is covered by a share purchase agreement signed by the parties.

The transfer still requires corporate, regulatory and third-party clearances. The disclosures did not reveal the purchase price or a completion date. Talks began after Mobilink announced its intention to acquire Apna shares in March 2026, and the deadline for its public offer was extended to December 7.

Apna, established in 2003, provides microfinance services to underserved communities. The proposed change in control is therefore directly relevant to Apna shareholders, while its final terms and completion remain undecided.