Karachi: In a recent disclosure under PSX Regulation 5.6.4., United Bank Limited announced the execution of share transactions involving its non-executive director Zameer Mohammed Choudrey and his spouse, Rakshanda Choudrey. The announcement, dated November 25, 2025, was made in compliance with regulatory requirements, emphasizing transparency in significant shareholding changes.

On November 24, 2025, Zameer Mohammed Choudrey, a non-executive director at United Bank Limited, executed a transaction involving the transfer of 17,471,853 shares. The transaction was characterized as a "gift out" at a rate of 0.00, resulting in a cumulative holding of 2,000,000 shares, representing a cumulative percentage of 0.08% of the company's total shareholding.

Simultaneously, Rakshanda Choudrey, the spouse of Zameer Mohammed Choudrey and also a non-executive director, received an equivalent number of shares, 17,471,853, through a "gift in" transaction. This transfer brought her cumulative shareholding to 19,581,853 shares, representing a cumulative percentage of 0.78% of the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions fall under the category of share transfers between related individuals, with no monetary exchange involved. The transactions were executed through the Central Depository Company (CDC) platform.

United Bank Limited is required to present these transactions at the forthcoming meeting of the Board of Directors. The details will be documented in the minutes of the meeting and submitted via Form-30 through PUCARS, as mandated by the regulatory framework.

The disclosure also reiterates the obligation for directors, executives, and substantial shareholders to adhere to a six-month holding period before executing any share transactions. In instances where this period is not observed, any profits must be remitted to the Securities and Exchange Commission of Pakistan (SECP) as stipulated under Section 105 of the Securities Act, 2015.

Furthermore, United Bank Limited emphasized the prohibition on any dealings in the company's shares by directors, the CEO, or executives during the closed period, ensuring compliance with all regulatory requirements.

These disclosures and transactions are part of United Bank Limited's commitment to maintaining transparency and adhering to the regulatory standards set by the Pakistan Stock Exchange.