Bestway Group Limited made an offer to acquire a 50.1% stake in United National Bank Limited from United Bank Limited (KASE:UBL) for £25.495 million on September 11, 2023. BG intends to purchase remaining 4.9% shares within 36 months of the initial acquisition of 50.1% on the same price, terms and conditions. The transaction has been approved by the board of UBL.

The transaction is subject to regulatory approvals in both Pakistan and the UK. The divestment in UNBL UK is expected to have a positive impact on UBL's Capital Adequacy Ratio (CAR).