Islamabad, May 23, 2025: The State Bank of Pakistan (SBP) has officially granted a no-objection certificate to United Bank Limited (PSX: UBL) concerning the planned division of its existing shares.
As stated in a notice to the Pakistan Stock Exchange on Friday, UBL received a letter from the SBP dated May 21, 2025, confirming authorization for amendments in the bank’s Memorandum and Articles of Association to carry out the proposed changes.
This share split was initially sanctioned by the bank’s shareholders during a meeting held on May 16, 2025. Under the revised structure, each ordinary share with a face value of Rs. 10 will be divided into two shares with a face value of Rs. 5.
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The bank clarified that this adjustment will not impact any existing rights, entitlements, or benefits attached to the shares.
The primary purpose of this restructuring is to enhance the tradability of the stock and make it more appealing and affordable to a wider pool of investors. With the State Bank’s formal go-ahead, UBL is expected to move forward with executing the new share structure.
