BML files share capital reorganization scheme with IHC

February 20, 2026 (MLN): Bank Makramah Limited (PSX:BML) has filed a Scheme of Arrangement for the reorganization of its share capital before the Islamabad High Court (IHC).

Following board approval and pursuant to a previous disclosure dated January 26, 2026, the bank submitted the scheme which is proposed by the sponsor and designed to benefit minority shareholders.

 The scheme is subject to sanction by the Islamabad High Court, approval of the bank's shareholders, and all applicable regulatory approvals, according to the company's statement issued today.

Under the revised mechanism, a specified portion of the sponsor's existing shareholding will be cancelled, and an equivalent number of new shares will be issued by the bank to the remaining shareholders, free of any cost to them.

The sponsor currently holds 861,163,882 shares of the bank, representing 86.12% of the total issued share capital.

According to the scheme, the sponsor's shareholding will reduce by 10.32% and will stand at 75.8% upon effectiveness of the reorganization.

This reduction will result in increased shareholding percentages for existing minority shareholders without any financial outlay on their part.

The bank clarified that only those shareholders whose names appear on the Register of Members of the bank as on the book closure date, to be determined after sanction of the scheme by the Islamabad High Court, will be eligible to receive the newly issued shares

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