Description of Transaction:
- AHL acted as the Joint Lead Manager and Book Runner for United Bank Limited and successfully completed the sale of Government of Pakistan’s shareholding amounting to PKR 38,224 Million for the Company.
About the Issuer:
- United Bank Limited is a Pakistani multinational commercial bank which is a subsidiary of British company Bestway Group.
- It is based in Karachi, Pakistan and is one of the largest banks in the Pakistani private sector, with over 1,400 branches across Pakistan, 19 branches overseas, and a customer base exceeding 4 million.
- UBL provides services in wholesale and retail banking through its network of branches and presence across 12 countries in four continents including the UAE, Bahrain, Qatar, Yemen, UK, Switzerland, China, Oman, US, Tanzania, Iran and Pakistan.