Karachi: TrueNorth Advisors (Pvt) Limited, associated with Mr. Farrukh Karim Khan, who serves as the Chief Strategy Officer and Chief Economist of United Bank Limited (UBL), has made a notable acquisition of shares in the bank. This development was disclosed in a statement dated March 18, 2026, which outlined the purchase details.

According to the statement, TrueNorth Advisors has acquired 13,500 shares of UBL on March 13, 2026. The shares were bought at a rate of 372.92 per share. This acquisition brings TrueNorth's cumulative shareholding in UBL to 53,500 shares. Despite this purchase, the cumulative percentage of shares held by TrueNorth in UBL remains unchanged at 0.00%.

According to information available from the Pakistan Stock Exchange (PSX), the transaction has been duly noted and members of the exchange have been informed accordingly. The market category for this transaction is classified under the 'Ready' segment.

This disclosure highlights the investment activities of insiders and associates linked to UBL, providing transparency and compliance with regulatory requirements.