Resolution passed in annual general meeting of United Bank Limited

Karachi, United Bank Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 29, 2023 at Karachi.

“RESOLVED that the Minutes of 63rd Annual General Meeting of the shareholders of United Bank Limited held on March 29, 2022 be and are hereby confirmed without any amendment.”

“Resolved that to receive, consider and adopt the Annual Audited Accounts of the Bank for the year ended December 31, 2022, together with the Reports of the Directors and Auditors thereon.”

“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”

United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.

With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.