United Bank Limited (PSX: UBL) has announced the conclusion of the largest private-sector lending to Engro Fertilizers Limited to the tune of Rs. 20 billion, the bank announced in a LinkedIn post on Wednesday.
“The PKR 20 Billion financing marks a significant milestone in the bilateral relationship between the two institutions. The signing ceremony was held at the UBL Digital Lab in Karachi,” it said.
UBL is a subsidiary of Bestway (Holdings) Limited which is a wholly owned subsidiary of Bestway Group Limited.
At the time of filing, the bank’s scrip at the bourse was Rs. 219.4, down 0.27 percent or Rs. 0.59 with a turnover of 603,859 shares on Thursday.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
you are truly a just right webmaster The site loading speed is incredible It kind of feels that youre doing any distinctive trick In addition The contents are masterwork you have done a great activity in this matter