Pakistan, Nov. 14 -- Apna Microfinance Bank Limited (Apna Bank) announces the signing of a Share Purchase Agreement (SPA) under which Mobilink Bank will acquire approximately 82.51% shareholding in Apna Bank, subject to the completion of all applicable legal and regulatory requirements and approvals. The agreement was formally signed by Haaris M. Chaudhary, President & CEO, Mobilink Bank, and Muhammad Akram Shahid, Chairman, Apna Bank, in the presence of senior leadership from both institutions and JazzWorld, underscoring the strategic significance of the transaction.

The proposed transaction marks an important milestone in Apna Bank's journey and is expected to bring the Bank and its customers into a larger and financially resilient ins...