UAE Firm Completes Rs4.1 Billion Acquisition of First Women Bank

UAE’s International Holding Company (IHC) has completed the Rs4.1 billion acquisition of First Women Bank, marking a major step in Pakistan’s privatization drive. The deal, finalized with the support of the Special Investment Facilitation Council (SIFC), reflects growing foreign confidence in Pakistan’s financial sector.

IHC, which manages over 1,300 subsidiaries with a combined market value of $240 billion, plans to transform First Women Bank into a fully digital, AI-driven commercial bank. The initiative aims to enhance financial inclusion and introduce advanced digital banking services across Pakistan.

In addition to its banking investment, IHC intends to expand its footprint in Pakistan through projects focused on digitalization, mining, and energy. Its subsidiary, International Resources Holding, is already engaged in multiple ventures in these sectors.