Karachi: United Bank Limited (UBL) disclosed a recent transaction involving one of its non-executive directors, Muhammad Irfan Anwar Sheikh. According to a filing under section 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, Sheikh executed a notable share purchase. The transaction, dated March 26, 2025, involved the acquisition of 5,000 shares at a rate of 380.00 per share.

The form of the share certificate was identified as CDC under the ready market category. Following this transaction, the cumulative shareholding of Muhammad Irfan Anwar Sheikh increased to 685,000 shares, representing a 0.05% stake in the company. This information was released to comply with the PSX Regulations, which require disclosure of transactions executed by directors, CEOs, executives, substantial shareholders, their spouses, or minors.

According to information available from the Pakistan Stock Exchange (PSX), the transaction aligns with regulatory requirements aimed at maintaining transparency in the trading activities of major stakeholders within listed companies. The disclosure ensures that shareholders and potential investors have access to pertinent information regarding changes in the ownership structure of listed entities.

United Bank Limited continues to follow the prescribed guidelines for reporting share transactions, reiterating its commitment to regulatory compliance and transparency in financial disclosures. The acquisition reflects the ongoing engagement and interest of its board members in the performance and future prospects of the company.