United Bank Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Muhammad Iqbal

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.5yrs
CEO ownership	n/a
Management average tenure	1.7yrs
Board average tenure	10.7yrs

Recent management updates

Recent updates

CEO

Muhammad Iqbal

1.5yrs

Tenure

Mr. Muhammad Jawaid Iqbal, CFA, serves as President and Chief Executive Officer at United Bank Limited since May 2023 and also serves as its Director. He previously served as Director of United Bank Limite...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Muhammad Iqbal	President	1.5yrs	no data	no data
Syed Manzoor Zaidi	Chief Financial Officer	less than a year	no data	no data
Aslam Sadruddin	Group Executive of Transformation & Operations	no data	no data	no data
Farooq Khan	Group Executive of Corporate & Investment	no data	no data	no data
Sohail Aziz	Chief Information Officer	no data	no data	no data
Saira Shah	Financial Controller & Head of Investor Relations	no data	no data	no data
Aqeel Nasir	Chief Legal Counsel & Company Secretary	18.4yrs	no data	no data
Irfan Memon	Group Executive of Compliance	no data	no data	no data
Hafsa Abbasy	Group Executive - Human Resources	1.8yrs	no data	no data
Zia Ijaz	Deputy Chief Executive Officer	no data	no data	no data
Suleman Pervez	Acting Head of Audit & Risk Review	no data	no data	no data
Tanveer Mahmood	Group Head of UBL Ameen Islamic Banking	no data	no data	no data

1.7yrs

Average Tenure

Experienced Management: UBL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Muhammad Iqbal	President	no data	no data	no data
Mohammed Pervez	Non-Executive Chairman of the Board	10.9yrs	PK₨13.67m	1.06% PKR 4.5b
Zameer Choudrey	Non-Executive Director	22.8yrs	PK₨14.80m	0.49% PKR 2.1b
Rizwan Pervez	Non-Executive Director	10.7yrs	PK₨14.05m	0.045% PKR 189.1m
Shazia Syed	Independent Director	4yrs	PK₨13.28m	0.00020% PKR 847.2k
Haider Choudrey	Non-Executive Director	10.7yrs	PK₨14.96m	0.25% PKR 1.1b
Muhammad Essa	Chairman of Shariah Board	no data	no data	no data
Tariq Rashid	Independent Director	7.5yrs	PK₨14.71m	0.00020% PKR 847.2k
Imtiaz Alam	Shariah Board Member	no data	no data	no data
Daniel Howlett	Independent Director	no data	PK₨8.48m	0.00020% PKR 847.2k
Muhammad Irfan Sheikh	Non-Executive Director	1.5yrs	PK₨7.20m	0.041% PKR 173.0m

10.7yrs

Average Tenure

Experienced Board: UBL's board of directors are seasoned and experienced ( 10.7 years average tenure).

United Bank Management

Management criteria checks 1/4

Key information

Recent management updates

United Bank Limited, Annual General Meeting, Mar 18, 2024

United Bank Limited, Annual General Meeting, Jun 22, 2023

United Bank Limited Announces Board Changes

Less than half of directors are independent

United Bank Limited Announces CFO Changes

Less than half of directors are independent

Recent updates

Third quarter 2024 earnings released: EPS: PK₨15.29 (vs PK₨12.04 in 3Q 2023)

United Bank Limited to Report Q3, 2024 Results on Oct 23, 2024

Price target increased by 11% to PK₨264

Second quarter 2024 earnings released: EPS: PK₨12.10 (vs PK₨10.39 in 2Q 2023)

United Bank Limited Announces Interim Cash Dividend for the Half Year Ended 30 June 2024

First quarter dividend of PK₨11.00 announced

New major risk - Revenue and earnings growth

Price target increased by 7.8% to PK₨247

New major risk - Revenue and earnings growth

United Bank Limited to Report Q2, 2024 Results on Jul 31, 2024

Price target increased by 9.1% to PK₨232

First quarter 2024 earnings released: EPS: PK₨13.05 (vs PK₨11.62 in 1Q 2023)

United Bank Limited Announces Interim Cash Dividend for the Quarter Ended 31 March 2024

United Bank Limited to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of PK₨11.00 per share

Fourth quarter dividend of PK₨11.00 announced

United Bank Limited, Annual General Meeting, Mar 18, 2024

Full year 2023 earnings released: EPS: PK₨45.05 (vs PK₨25.74 in FY 2022)

United Bank Limited to Report Fiscal Year 2023 Results on Feb 21, 2024

New major risk - Revenue and earnings growth

Price target increased by 12% to PK₨189

Third quarter 2023 earnings released: EPS: PK₨12.04 (vs PK₨5.32 in 3Q 2022)

United Bank Limited to Report Q3, 2023 Results on Oct 25, 2023

Bestway Group Limited made an offer to acquire a 55% stake in United National Bank Limited from United Bank Limited (KASE:UBL)

United Bank Limited Announces Interim Cash Dividend for the Half Year Ended 30 June 2023

Second quarter 2023 earnings released: EPS: PK₨10.39 (vs PK₨2.15 in 2Q 2022)

United Bank Limited, Annual General Meeting, Jun 22, 2023

Upcoming dividend of PK₨11.00 per share at 17% yield

First quarter 2023 earnings released: EPS: PK₨11.62 (vs PK₨7.58 in 1Q 2022)

Consensus EPS estimates increase by 13%

Upcoming dividend of PK₨9.00 per share at 19% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

United Bank Limited to Report Fiscal Year 2022 Results on Feb 22, 2023

Price target decreased by 7.5% to PK₨162

United Bank Limited Announces Board Changes

Less than half of directors are independent

Upcoming dividend of PK₨4.00 per share

Third quarter 2022 earnings released: EPS: PK₨5.32 (vs PK₨6.48 in 3Q 2021)

United Bank Limited to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of PK₨4.00 per share

Second quarter 2022 earnings released: EPS: PK₨2.15 (vs PK₨5.95 in 2Q 2021)

United Bank Limited Recommends an Interim Cash Dividend for the Half Year Ended June 30, 2022

United Bank Limited Announces CFO Changes

United Bank Limited to Report First Half, 2022 Results on Aug 03, 2022

Less than half of directors are independent

First quarter 2022 earnings: EPS exceeds analyst expectations

United Bank Limited to Report Q1, 2022 Results on Apr 20, 2022

Upcoming dividend of PK₨6.00 per share

United Bank Limited, Annual General Meeting, Mar 29, 2022

United Bank Limited Recommends Final Cash Dividend for the Year Ended December 31, 2021

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

United Bank Limited (KASE:UBL) agreed to acquire 55% stake in Telenor Microfinance Bank Limited from Telenor Pakistan (Private) Limited.

Price target increased to PK₨190

Price target increased to PK₨177

Third quarter 2021 earnings released: EPS PK₨6.48 (vs PK₨3.86 in 3Q 2020)

Upcoming dividend of PK₨4.00 per share

Second quarter 2021 earnings released: EPS PK₨5.95 (vs PK₨4.97 in 2Q 2020)

Upcoming dividend of PK₨4.00 per share

First quarter 2021 earnings released: EPS PK₨6.21 (vs PK₨3.98 in 1Q 2020)

Upcoming Dividend of PK₨9.50 Per Share

Full year 2020 earnings released: EPS PK₨17.11 (vs PK₨16.60 in FY 2019)

Revenue and earnings beat expectations

United Bank Limited, Annual General Meeting, Mar 29, 2021

New 90-day high: PK₨130

New 90-day high: PK₨129

United Bank Limited Announces Board Changes

United Bank Limited Declares No Cash Dividend in Respect of the Quarter Ended September 30, 2020

New 90-day low: PK₨110

Third quarter earnings released