Karachi, In a recent development, United Bank Limited (UBL) announced the cancellation of the adjourned Extraordinary General Meeting (EOGM) of its shareholders, which was scheduled to take place on July 17, 2023. The decision was made by the UBL Board of Directors following their withdrawal of the resolutions passed on June 1, 2023, regarding the increase in Authorized Share Capital of UBL and relevant amendments in the Memorandum and Articles of Association of the bank.
Previously, on June 22, 2023, UBL had informed its shareholders about the adjournment of the EOGM held on that date, stating that it would be rescheduled for July 17, 2023. However, the recent decision by the Board of Directors led to the cancellation of the adjourned EOGM altogether.
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