Apna Microfinance Bank Limited (AMBL) is proposing to expand its authorized capital from Rs. 5 billion to Rs. 7.5 billion. This increase will be achieved by issuing an additional 135 million ordinary shares, subject to shareholder and Securities and Exchange Commission of Pakistan (SECP) approval.
The proposed capital increase aligns with AMBL’s commitment to providing microfinance services to the underserved segments of society. The additional capital will enable the bank to further expand its operations and reach a wider customer base.
The amendment to the bank’s Memorandum and Articles of Association will be necessary to reflect the increased authorized capital and comply with relevant regulations.