UAE’s IHC Takes Control Of First Women Bank In G2G Deal

Abu Dhabi-based International Holding Company (IHC) has officially taken the reins of Pakistan's pioneering First Women Bank Ltd (FWBL), marking a significant cross-border financial partnership. The acquisition came after Pakistan finalized a government-to-government privatisation deal under its Inter-Governmental Commercial Transactions Act, transferring majority ownership to the Gulf conglomerate.

Founded to empower women through financial inclusion, FWBL now finds itself under the stewardship of one of the Middle East's most prominent investment vehicles. This historic transition not only reshapes the bank's future trajectory but also signals growing confidence in Pakistan's evolving financial landscape.

"This acquisition represents more than just a change in ownership – it's about bringing fresh perspectives and resources to an institution that has long championed women's economic empowerment," remarked financial analyst Dr. Aisha Khan. "IHC's regional expertise could accelerate FWBL's digital transformation and expand its impact across South Asia."

The move comes amid broader efforts by Pakistan to modernize its state-owned enterprises through strategic partnerships. For FWBL's customers – primarily women entrepreneurs and small business owners – the transition promises potential access to new financial products and international banking networks.

"In banking, meaningful change happens when institutions combine local understanding with global best practices," said banking sector observer Rajiv Patel. "This collaboration could create a powerful model for women-focused financial services in emerging markets."

As FWBL enters this new chapter under IHC's leadership, stakeholders anticipate enhanced service offerings and strengthened commitment to its founding mission. The bank's journey now intertwines with Abu Dhabi's ambitious investment strategy, creating unique opportunities for cross-border financial innovation.

Original reporting by CrowdFundInsider. Read the full story here.