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 […]
In a significant development in Pakistan’s banking sector, the Board of Directors of Silkbank Limited (PSX: SILK) has granted in-principle approval for a potential merger with United Bank Limited (PSX: UBL). The decision was made during a board meeting held on November 6, 2024. The merger, which would be structured as a scheme of arrangement, […]
Singapore, October 31, 2024 – In a pioneering move within the global education technology sector, Pakistan’s leading edtech venture Knowledge Platform and Kenya’s premier edtech firm Eneza Education have merged to establish the world’s first African-Asian edtech venture. Operating under the Knowledge Platform name and headquartered in Singapore, the newly combined entity now serves over […]