Karachi, United Bank Limited informed Pakistan Stock Exchange that the State Bank of Pakistan has granted in principle approval to the Bank to commence the due diligence of Samba Bank Limited in respect of acquisition of 84.51% shareholdings of SBL, currently held by Saudi National Bank.
United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.
With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.
The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.