Karachi: Apna Microfinance Bank Limited has announced the issuance of 116,055,709 additional shares via a non-rights issue, following approval from its members and the Securities and Exchange Commission of Pakistan (SECP). This move was confirmed in a report dated July 31, 2026, with the issuance directed towards five specific entities and individuals.

The shares, each valued at Rs. 10, have been allocated as follows: United Track System (Pvt.) Limited will receive 43,329,938 shares, United Software and Technologies International (Pvt.) Limited will obtain 29,707,880 shares, Tawasul Healthcare TPA (Private) Limited will acquire 17,341,840 shares, Tawasul Risk Management Services (Private) Limited will be allocated 20,745,670 shares, and Mr. Muhammad Akram Shahid will receive 4,930,381 shares.

According to information available from the Pakistan Stock Exchange (PSX), the bank's paid-up capital will rise from 4.29 billion to 5.45 billion rupees following this issuance. This significant move aligns with the bank's strategic financial objectives and reflects its commitment to enhancing its capital base through targeted share allocations.

The SECP's approval comes with conditions that include the issuance of shares exclusively in book-entry form within 60 days from the approval date. Furthermore, sponsors and associated companies must retain their shares for two years, while other investors will have a six-month retention period.

This development follows the submission of requisite documentation to the Central Depository Company (CDC), including SECP's approval, audited accounts, and Form 7 alterations certified under the Companies Act 2017. These steps ensure compliance with regulatory standards and facilitate the smooth allocation of shares.