ISLAMABAD: United Bank Limited (UBL) has announced several strategic initiatives following its Board of Directors meeting on July 22, 2026, in Islamabad. The financial institution declared an interim cash dividend of Rs. 8 per share, constituting a 160% payout for the second quarter ending June 30, 2026. This follows an identical interim dividend already disbursed.
According to information available from the Pakistan Stock Exchange (PSX), UBL intends to establish a private limited subsidiary aimed at bolstering the country's agricultural sector and enhancing farmer livelihoods. The bank plans to invest PKR 8 billion in this venture, pending necessary corporate and regulatory consents. The new company's objectives include leveraging technology to provide advisory and research services aimed at boosting agricultural productivity and sustainability.
In a separate initiative, UBL has outlined plans to reinforce its financial commitment to Khushhali Microfinance Bank Limited (KMBL) by investing up to PKR 22 billion through a rights issue and additional share acquisitions. This decision comes as KMBL reported a negative equity of Rs. 16.15 billion as of December 31, 2025. The proposed investment is subject to shareholder and regulatory approvals and is anticipated to stabilize KMBL's financial status and contribute to the broader stability of Pakistan's financial markets.
Additionally, UBL's Board has greenlit the establishment of a not-for-profit educational institution under Section 42 of the Companies Act, 2017, in collaboration with the Bestway Foundation. UBL plans to contribute PKR 10 billion over a three to five-year period, with the Bestway Foundation matching this contribution.
In corporate governance updates, Mr. Shoukat Ali has been appointed as the Company Secretary of UBL, effective immediately.
Shareholders eligible for the declared dividend will be those recorded in the Register of Members by July 31, 2026. The bank’s share transfer books will remain closed from August 3 to August 5, 2026, for dividend processing purposes.