A UBL insider share purchase has been disclosed to the Pakistan Stock Exchange (PSX), showing that entities connected to United Bank Limited’s President and CEO have bought more than 1.2 million shares from the open market.
According to a notice issued by United Bank Limited on January 1, 2026, the transactions were executed by the spouse and an associate of Mr. Muhammad Jawaid Iqbal, President and CEO of UBL. The disclosure was made in line with insider trading reporting requirements.
The first transaction involved Mrs. Shazia Afzal, who purchased 1.1 million shares on December 30, 2025, at a rate of Rs 421.03 per share in the ready market. This raised her cumulative shareholding to 3.265 million shares, representing 0.13 percent of the bank.
In a separate transaction, Providus Capital (Private) Limited acquired 100,000 shares on December 31, 2025, at Rs 421.54 per share. The firm’s cumulative holding now stands at 112.3 million shares, equal to 4.48 percent of the company.
Both transactions were carried out through the Central Depository Company and were formally reported to the exchange as required.
The UBL insider share purchase disclosure does not indicate any change in company operations or management and is intended to keep investors informed of insider-related trading activity.
The bank has requested the Pakistan Stock Exchange to notify its members accordingly. No further details were provided in the notice.
