Apna Microfinance Bank Limited has received regulatory approval from the Securities and Exchange Commission of Pakistan (SECP) to issue 116.06 million ordinary shares worth approximately Rs1.16 billion through a mechanism other than a rights offer, marking a significant step in the bank’s capital enhancement strategy.
In a material information disclosure submitted to the Pakistan Stock Exchange (PSX) on June 24, 2026, the bank announced that the SECP had approved the issuance of 116,055,709 ordinary shares at a par value of Rs10 per share. The transaction will raise Rs1.16 billion against share deposit money and is aimed at strengthening the bank’s financial position.
According to the approval letter issued by the SECP’s Securities Market Division on June 23, 2026, the shares will be allotted to five investors and associated entities. The largest allocation of 43.33 million shares will go to United Track Systems (Private) Limited, followed by 29.71 million shares to United Software and Technologies International (Private) Limited. Other recipients include Tawasul Healthcare TPA (Private) Limited with 17.34 million shares, Tawasul Risk Management Services (Private) Limited with 20.75 million shares, and Mr. Muhammad Akram Shahid with 4.93 million shares.
The approval was granted under Section 83(1)(b) of the Companies Act, 2017, read with the Companies (Further Issue of Shares) Regulations, 2020. The SECP noted that the issuance is based on a special resolution passed by shareholders during the bank’s Extraordinary General Meeting held on January 21, 2025.
The regulator has attached several conditions to the approval. The shares must be issued in book-entry form within 60 days of the approval date, and the bank is required to inform both the SECP and the Pakistan Stock Exchange of the issuance within seven days of completion. In addition, sponsors and associated companies must retain the shares acquired through the issuance for two years, while other investors will be subject to a six-month lock-in period.
The successful completion of the share issuance is expected to provide Apna Microfinance Bank with additional capital resources to support its growth plans, strengthen its balance sheet, and enhance its ability to serve Pakistan’s microfinance sector.
