Karachi: On February 10, 2025, United Bank Limited (UBL) has disclosed recent transactions by certain directors and substantial shareholders, highlighting an increase in their ownership stakes. These transactions, executed in accordance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, were reported as part of mandatory disclosures by relevant persons holding the company’s shares.

The transactions involved strategic acquisitions by non-executive directors and a substantial shareholder, demonstrating confidence in the bank's future prospects. According to the information provided, Sir Mohammad Anwar Pervez, a non-executive director of UBL, executed three significant purchases. On February 4, 2025, he acquired 46,548 shares at a rate of 410.03 each, raising his cumulative holdings to 13.26 million shares, representing 1.08% of the company. This was followed by a purchase of 279,139 shares on February 6, 2025, at a rate of 406.49 per share, which increased his total shares to 13.54 million, or 1.11% of UBL. On February 7, 2025, Pervez further augmented his stake by buying 189,800 shares at a rate of 407.13, culminating in a total holding of 13.73 million shares or 1.12% of the company.

Additionally, Haider Zameer Choudrey, also a non-executive director, purchased 150,000 shares on February 7, 2025, at a rate of 409.53 per share. This transaction brought his cumulative shareholding to approximately 3.99 million shares, accounting for 0.33% of UBL.

Meanwhile, Umair Zameer Choudrey, a substantial shareholder, made strategic purchases as well. On February 3, 2025, he acquired 66,564 shares at 412.77 each. He then bought 80,430 shares on February 4, 2025, at 410.77 per share, and another 111,453 shares on February 7, 2025, at 410.00 each. These acquisitions increased his total holdings to approximately 3.95 million shares, representing 0.32% of the company.

These transactions are significant within the designated market category of ready market trades. According to information available from the Pakistan Stock Exchange (PSX), these trades are indicative of the directors' and substantial shareholders' growing confidence in UBL's performance and potential growth. Such strategic acquisitions often reflect positive investor sentiment and can influence market perceptions regarding the entity's future trajectory.

This disclosure underscores the importance of transparency and regulatory compliance in maintaining investor trust and ensuring the integrity of market operations.