Bank Makramah approves Rs10bn sponsor investment
MG News | August 18, 2026 at 03:34 PM GMT+05:00
August 18, 2026 (MLN): Bank Makramah Limited (PSX: BML) has approved an investment proposal to inject a further Rs10bn into the bank.
The Board of Directors approved the proposal at its 159th
meeting held on August 18, 2026.
The Board authorised the President/CEO to execute an
agreement with the Sponsor, under which the Sponsor will deposit Rs10bn into
the Bank.
The amount will be recorded in the Bank’s books as an
advance against share subscription until regulatory and corporate approvals are
obtained for the issuance of shares to the Sponsor through a mode other than
right issue.
The aforementioned
information was disseminated through a notification to
Exchange.
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