Karachi: In a notable transaction involving the top brass of United Bank Limited (UBL), Mrs. Shazia Afzal, the spouse of UBL's President and CEO, Mr. Muhammad Jawaid Iqbal, has made a substantial acquisition of shares. According to a disclosure dated July 1, 2026, Mrs. Afzal purchased 5,000,000 shares on June 29, 2026, at a rate of 447.76 per share.

According to information available from the Pakistan Stock Exchange (PSX), this transaction has elevated Mrs. Afzal's cumulative shareholding in United Bank Limited to 8,265,000 shares, which represents a 0.33% stake in the bank. The acquisition is classified under the "Ready" market category.

This purchase signifies a significant move in the shareholding of United Bank Limited, reflecting a consolidation of interest by the family of the bank's CEO. The financial implications of such a transaction could have a notable impact on the market perception of UBL's future growth and stability.