Karachi, May 23, 2025 — The State Bank of Pakistan (SBP) has granted its no-objection to United Bank Limited (PSX: UBL) for the proposed subdivision of its shares, paving the way for the bank to proceed with its restructuring plan aimed at boosting share liquidity.
According to a stock filing made by UBL on Friday, the central bank issued its formal approval through a letter dated May 21, 2025. The approval allows UBL to amend its Memorandum and Articles of Association to facilitate the share split.
Earlier, on May 16, 2025, shareholders of UBL had approved the proposal to subdivide each ordinary share of Rs. 10 face value into two ordinary shares of Rs. 5 each. The bank clarified that this structural change will not alter any of the rights, privileges, or entitlements associated with the shares.
UBL stated that the subdivision is intended to enhance the liquidity of its stock and make it more accessible to a wider pool of investors. With the SBP’s clearance now secured, the bank is expected to move forward with the formal implementation of the revised share structure.
