Mobilink Microfinance Bank Limited has formally announced its plan to acquire shares and obtain control of Apna Microfinance Bank Limited, according to a notification submitted to the Pakistan Stock Exchange.

For this transaction, Arif Habib Limited has been appointed as the Manager to the Offer and will oversee the acquisition process on behalf of the acquiring bank.

The proposed takeover is being carried out in compliance with the requirements of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Acting on behalf of Mobilink Microfinance Bank, Arif Habib Limited has submitted a Public Announcement of Intention (PAI) to acquire voting shares and management control of Apna Microfinance Bank.

In line with regulatory requirements, the announcement will also be published in one English and one Urdu newspaper within two working days.

The disclosure represents the initial step in the takeover process, with further details regarding the scale of the acquisition and financial terms expected to be shared later.