Karachi: In a significant development within the microfinance sector, Apna Microfinance Bank Limited has announced a major acquisition agreement involving its majority shareholder. According to a disclosure report dated November 13, 2026, The United Insurance Company of Pakistan Limited (UICL), along with its group companies, has agreed to sell its substantial shareholding in Apna Microfinance Bank to Mobilink Microfinance Bank Limited.

UICL, which collectively holds approximately 82.51% of the total shares in Apna Microfinance Bank, has entered into a definitive share purchase agreement with Mobilink Bank, marking a pivotal moment for both institutions. This transaction follows a public announcement of intention earlier in March 2026 and a subsequent extension notice in September 2026.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition is part of Mobilink Bank's strategic expansion efforts within Pakistan's microfinance sector. The deal has been structured in compliance with Sections 96 and 131 of the Securities Act, 2015, and adheres to the regulatory frameworks outlined in the PSX Rule Book.

The transaction is expected to reshape the microfinance landscape in the country, enhancing Mobilink Bank’s market position and expanding its outreach to underserved communities. The acquisition aligns with Mobilink Bank's growth objectives and is anticipated to bring about synergies that will benefit the broader financial market in Pakistan.

Apna Microfinance Bank's registered office, located on Ch. Khaliq-uz-Zaman Road in Karachi, remains the focal point for regulatory communications, with Noshad Ahmed serving as the Company's Secretary overseeing the disclosure process. The completion of this transaction awaits customary closing conditions and regulatory approvals, which are expected to be finalized in the coming months.