UBL Gets Board Approval to Merge With Silkbank – Fintech News Pakistan
The Board of Directors of United Bank Limited (UBL) [PSX: UBL], in its 252nd meeting held on Monday, approved the amalgamation of Silkbank Limited (SBL) with and into UBL through a share swap arrangement. The merger, undertaken in accordance with Section 48 of the Banking Companies Ordinance, 1962, aims to streamline operations and enhance value…