United Bank Limited Director Buys Substantial Shares

Karachi, Zarneer Mohammed Choudrey, a non-executive director of United Bank Limited, purchased a total of 365,607 shares over four consecutive days, beginning on June 3, 2024. According to information available from the Pakistan Stock Exchange (PSX), on June 3, Choudrey bought 220,779 shares at a rate of 221.44 per share. The following day, he acquired an additional 93,328 shares at 221.48 each. On June 5, he purchased 110,000 shares priced at 220.43, and on June 6, he bought 3,500 shares at 220.00 each. All transactions were conducted in ready form through the Central Depository Company (CDC).

Farzana Younus Sheikh, identified as the spouse of Mohammad Younus Sheikh and a substantial shareholder of United Bank Limited, engaged in two separate share acquisitions. on June 6, 2024, Sheikh bought 210,000 shares at a rate of 219.13 each. The following day, she purchased an additional 110,038 shares at 211.92 per share. All shares were acquired in ready form through the Central Depository Company (CDC). The transactions will be presented in the subsequent board meeting for consideration and confirmation of compliance with PSX Regulations.