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March 11, 2026
Mobilink Microfinance Bank announces its intention to acquire shares and control of Apna Microfinance Bank, formally initiating the takeover process.
Read more: VEON Invests $20 million in Mobilink Bank
Mobilink Microfinance Bank Limited has announced its intention to acquire shares and gain control of Apna Microfinance Bank Limited, marking the formal start of a potential takeover in Pakistan’s microfinance banking sector.
The announcement was made through a notification submitted by Arif Habib Limited to the Pakistan Stock Exchange.
Arif Habib Limited has been appointed as the Manager to the Offer for the proposed transaction. Acting on behalf of the acquiring bank, the firm submitted a Public Announcement of Intention (PAI) to acquire voting shares and control of Apna Microfinance Bank.
The filing was made in accordance with the requirements of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
Under regulatory requirements, the Public Announcement of Intention must also be published in one English-language and one Urdu-language newspaper within two working days of the notification.
While the announcement formally initiates the takeover process, further details regarding the size of the stake to be acquired and the financial terms of the transaction have not yet been disclosed.
