UBL Successfully Concluded Pakistan’s Largest Private Sector Syndicated Islamic Finance Facility

Karachi Tuesday 26-Jan-2026: United Bank Limited has announced that it concluded Pakistan’s Largest Private Sector Syndicated Islamic Finance Facility totaling PKR 133 Billion. The financing was extended to Deodar (Pvt) Ltd. and Engro Connect (Pvt) Ltd, where UBL acted as Facility Agent, Security Agent and Accounts Bank. The Transaction Supported the acquisition of Deodar by the Engro Group from Pakistan Mobile Communications Limited (PMCL).

Through the acquisition of 10,617 towers, Deodar has become Pakistan’s largest independent Tower Co. This was stated by UBL through a social media announcement.

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