KARACHI: United Bank Limited (UBL) has announced an interim cash dividend of Rs. 8 per share (160%) for the second quarter ended June 30, 2026, reaffirming its commitment to delivering value to shareholders while unveiling major long-term investment initiatives aimed at supporting Pakistan’s agriculture, financial inclusion, and education sectors.
The bank’s Board of Directors approved the dividend during its 262nd meeting held on July 22, 2026. This latest payout comes in addition to the interim dividend of Rs. 8 per share already paid, bringing the total interim cash dividend declared for 2026 to Rs. 16 per share. The board did not recommend any bonus shares, right shares, or other corporate actions.
Alongside the financial results, UBL announced plans to establish a new private limited subsidiary with an investment of PKR 8 billion, subject to regulatory approvals. The subsidiary will focus on developing technology-driven advisory and research services to improve agricultural productivity, sustainability, and farmers’ livelihoods across Pakistan.
The board also approved a further equity investment of up to PKR 22 billion in Khushhali Microfinance Bank Limited (KMBL) through participation in its rights issue and acquisition of additional shares. The investment is intended to strengthen KMBL’s financial position and contribute to the stability of Pakistan’s financial sector, subject to shareholder and regulatory approvals.
In another significant initiative, UBL approved the establishment of a not-for-profit university in collaboration with the Bestway Foundation. The bank will contribute PKR 10 billion over the next three to five years, with Bestway Foundation matching the contribution. The project aims to promote quality education and human capital development in Pakistan.
The bank also informed the Pakistan Stock Exchange that Mr. Shoukat Ali has been appointed as the Company Secretary with immediate effect.
On the financial front, UBL reported a standalone profit after tax of PKR 84.97 billion for the six months ended June 30, 2026, compared with PKR 63.79 billion in the corresponding period last year. Earnings per share (EPS) improved to Rs. 33.93, reflecting strong operational performance and higher profitability.
The bank has fixed July 31, 2026, as the record date for determining shareholders eligible to receive the interim dividend. Share transfer books will remain closed from August 3 to August 5, 2026.
The announcements underscore UBL’s strategy of combining robust shareholder returns with substantial investments in sectors that support Pakistan’s long-term economic and social development.
