Karachi: Apna Microfinance Bank Limited has announced the approval from the Securities and Exchange Commission of Pakistan (SECP) for the issuance of 116,055,709 ordinary shares, each priced at a par value of Rs.10. This move is set to raise approximately Rs.1.16 billion through an offer other than a rights issue, aiming to bolster the bank’s financial standing.

According to information available from the Pakistan Stock Exchange (PSX), the approval for this share issuance comes as part of the bank's strategy to enhance its capital structure by converting share deposit money into ordinary shares. The issuance bypasses the traditional rights offering, which typically allows existing shareholders to purchase additional shares at a discount before the general public.

This strategic move by Apna Microfinance Bank Limited is reflective of a targeted approach to meet its capital requirements and ensure a stable financial base, as outlined in their disclosure dated June 24, 2026. The bank's actions are indicative of a broader trend within the designated market category of microfinance institutions, as they seek innovative means to strengthen their capital reserves without diluting existing shareholder value through conventional rights issues.

The approval by SECP is a significant step for Apna Microfinance Bank Limited, enabling it to proceed with the planned share issuance, thereby reinforcing its commitment to maintaining robust financial health and operational efficiency.