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.