Karachi: United Bank Limited (UBL), a prominent entity listed on the Pakistan Stock Exchange (PSX), witnessed substantial share transactions involving a close associate of its President & CEO, Mr. Muhammad Jawaid Iqbal, as revealed in a recent disclosure dated January 1, 2026.
According to the disclosure, Mrs. Shazia Afzal, the spouse of Mr. Iqbal, purchased 1.10 million shares of UBL at a rate of 421.03 per share on December 30, 2025. This acquisition increased her cumulative shareholding to 3.27 million shares, equivalent to a 0.13% stake in the company. The transaction signifies a strategic move, reflecting confidence in the company’s future potential.
Additionally, Providus Capital (Pvt.) Limited, categorized as an ‘Associate’ of Mr. Iqbal, acquired 100,000 shares at a rate of 421.54 per share on December 31, 2025. This transaction elevated their cumulative shareholding to 112.30 million shares, representing a 4.48% stake in UBL. The acquisition underscores a significant move in the company’s shareholding structure.
According to information available from the Pakistan Stock Exchange (PSX), these transactions highlight notable activity in the designated market category. With Mrs. Afzal’s acquisition reflecting a very large move in her shareholding percentage, Providus Capital’s transaction showcases no change in percentage classification but marks a strategic investment maneuver.
The transactions, as disclosed, are part of the routine reporting by UBL to maintain transparency and inform stakeholders of the changes in share ownership by key individuals associated with the company.