Karachi: Mobilink Microfinance Bank Limited has formally announced its intention to acquire shares and control of Apna Microfinance Bank Limited, as per a statement published in Business Recorder and Nawa-i-Waqt on March 12, 2026. This move is part of a public announcement under the Securities Act, 2015, and in accordance with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The acquisition strategy outlined by Mobilink Microfinance Bank Limited, the Acquirer, includes a public offer for at least 50% of the remaining voting shares of the Target Company. The intended acquisition remains undetermined in terms of the number of shares and percentage, pending the execution of a Share Purchase Agreement. If another public announcement of offer emerges, this acquisition will be subject to a competitive bid as per Regulation 17.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition process is being managed by Arif Habib Limited. The Acquirer’s leadership team comprises key figures including Haari S. Mahmood Chaudhary, President & CEO, and Aamir Hafeez Ibrahim, Non-Executive Director and Chairman.

The authorized capital of Mobilink Microfinance Bank Limited stands at PKR 13.60 billion, divided into 1.36 billion shares, while its paid-up capital is PKR 4.13 billion, consisting of 413.20 million shares at PKR 10 each. The company is poised to make significant strides in the microfinance sector with this intended acquisition, further consolidating its position in the market.