International Holding Company PJSC executed a Share Purchase Agreement to acquire the remaining 17.36% stake in First Women Bank Ltd. from Government of Pakistan, United Bank Limited, Habib Bank Limited, Allied Bank Limited, National Bank of Pakistan, MCB Bank Limited and others.
International Holding Company PJSC (ADX:IHC) executed a Share Purchase Agreement to acquire the remaining 17.36% stake in First Women Bank Ltd. from Government of Pakistan, United Bank Limited (KASE:UBL), Habib Bank Limited (KASE:HBL), Allied Bank Limited (KASE:ABL), National Bank of Pakistan (KASE:NBP), MCB Bank Limited (KASE:MCB) and others on February 23, 2026. Upon completion, International Holding Company PJSC (ADX:IHC) will assume full ownership and control of First Women Bank Limited.
The transaction is approved by the Competition Commission of Pakistan. CCP's competition assessment noted that the target has a limited presence in the commercial banking market, while the acquirer does not have any existing operations in the relevant or related market. The transaction therefore constitutes a conglomerate merger and does not raise competition concerns.
International Holding Company PJSC, formerly International Fish Farming Holding Co PJSC, is a United Arab Emirates-based public joint stock company. The Company, together with its subsidiaries, is engaged in: the establishment, management and investment in aquaculture projects; the trading of fish and fish products; exporting, as well as preserving fish products and other sea living resources through cooling and freezing; buying, selling and dividing plots and real estates, as well as in the management, lease and development of real estate. Its primary activities are structured into the following segments: fish farming/ trading and processing; investment, as well as construction and contracting. The Company’s operations include: fish farming, aquaculture, distribution, sales and marketing, consultancy, and investments in aquaculture related projects through partnerships. The Company’s subsidiaries are: Alliance Foods Company LLC and Asmak Seafood Processing Co LLC, among others.
International Holding Company PJSC executed a Share Purchase Agreement to acquire the remaining 17.36% stake in First Women Bank Ltd. from Government of Pakistan, United Bank Limited, Habib Bank Limited, Allied Bank Limited, National Bank of Pakistan, MCB Bank Limited and others.
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