MCB Bank Director Transfers 12 Million Shares to Daughter in Significant Move

Karachi: In a notable transaction involving MCB Bank Limited, a substantial number of shares have been transferred within the family of one of its directors. According to a report dated August 12, 2026, Mian Umer Mansha, a Director at MCB Bank Limited, has gifted 12 million shares to his daughter, Zoya Younas Mansha.

The shares, which were handled through the Central Depository Company (CDC), represent a cumulative total of 22.22 million shares, amounting to a 1.87% stake in the company. The transaction took place on August 11, 2026, under the classification of a "Gift Out."

According to information available from the Pakistan Stock Exchange (PSX), this transfer is classified as a significant move, given the volume and percentage of shares involved. The market rate for these shares was not disclosed in the report.

MCB Bank Limited, a prominent player in the banking market category, continues to navigate its position with strategic moves by its directors, reflecting both personal and corporate dynamics within the industry.