Karachi: United Bank Limited (UBL) held an Extraordinary General Meeting on May 15, 2025, where shareholders approved critical resolutions, including the confirmation of minutes from the previous annual meeting and a subdivision of its share capital.

In compliance with Rule 5.6.9 (b) of the Rule Book of the Pakistan Stock Exchange Limited, certified copies of the resolutions were enclosed. The meeting began with the confirmation of the minutes from the 66th Annual General Meeting, which took place on March 19, 2025. This ordinary resolution was passed without any amendments.

Additionally, a special resolution was adopted under Section 85 of the Companies Act, 2017, authorizing the subdivision of the bank's share capital. The resolutions passed during the meeting are set to be confirmed at the next general meeting of UBL's shareholders.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions mark significant developments for UBL, particularly the subdivision of share capital, which could have implications for the bank's market presence and shareholder value. The designated market category for UBL remains consistent with its current classification on the PSX.

The resolutions reflect UBL's ongoing commitment to maintaining regulatory compliance and addressing shareholder interests. Further updates and confirmations are anticipated in subsequent shareholder meetings.