United Bank Limited merges with Silkbank Limited via a share swap, pending regulatory approval.

United Bank Limited (UBL), one of Pakistan's largest banks, has received board approval to merge with Silkbank Limited (SILK) through a share swap. The swap ratio is one UBL share for 325 SILK shares. The move is subject to regulatory approvals and will be presented to shareholders at an Extraordinary General Meeting on December 30.

December 03, 2024
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