UBL Secures PkR7.2bn Capital Gain from UNBL UK Stake Sale

Karachi: United Bank Limited (UBL) has completed the sale of its 55% stake in United National Bank Limited UK (UNBL UK), resulting in a capital gain of PkR7.2 billion.

According to AKD Securities Limited, the transaction was finalized after receiving all necessary regulatory approvals. The principal buyer, Bestway Group, acquired 50.1% of the shares at a price of GBP25.49 million, with an option to purchase an additional 4.9% within 36 months under the same terms. This sale not only leads to significant financial gains for UBL but also reduces its Consolidated Risk Weighted Assets by PkR339.4 billion and improves its Consolidated Capital Adequacy Ratio by over 200 basis points.