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September 9, 2026
Mobilink Microfinance Bank has pushed its deadline to launch a public offer for acquiring Apna Microfinance Bank to December 7 as negotiations continue.
Mobilink Microfinance Bank Limited will take an additional 90 days before issuing its public offer for the proposed acquisition of shares and control of Apna Microfinance Bank Limited, as discussions between the two sides have yet to reach a conclusion.
Arif Habib Limited, acting as manager to the offer, informed the market that the deadline for the Public Announcement of Offer (PAO) has been shifted from September 8, 2026, to December 7, 2026.
The proposed transaction has remained under discussion since Mobilink Microfinance Bank announced its intention to acquire Apna Microfinance Bank earlier this year. While the acquisition process is continuing, negotiations required to finalise the deal are still in progress.
Under Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the public offer was initially required to be made within 180 days. As the transaction could not be completed within that period, the bank opted to use the regulatory provision allowing the PAO timeline to be extended by a further 90 days.
The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) have been notified of the revised schedule.
Mobilink Microfinance Bank’s plans to take control of Apna Microfinance Bank were formally disclosed in March 2026, with the acquisition process being handled through Arif Habib Limited in accordance with Pakistan’s takeover regulations.
Apna Microfinance Bank, incorporated in 2003 and operational since January 2005, focuses on providing financial services to low-income and underserved communities. Its operations fall under the framework of the Microfinance Institutions Ordinance, 2001.
Mobilink Microfinance Bank began operations in 2012 and has more than 57 million registered users. Based in Islamabad, the bank is part of a wider corporate structure linked to global telecom and digital operator VEON Ltd, the parent company of Jazz. VEON Microfinance Holdings B.V. owns 99.99% of Mobilink Microfinance Bank.
Alongside its microfinance business, the bank offers branchless banking services through arrangements with Pakistan Mobile Communications Limited and JC Fintech (Private) Limited. Its authorised capital stands at Rs13.6 billion, while its paid-up capital amounts to Rs4.13 billion.
