Bank Makramah finalizes sale of Cullinan Tower

MG News | August 01, 2025 at 03:08 PM GMT+05:00

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August 1, 2025 (MLN): Bank Makramah Limited (PSX:BML) has officially concluded the sale of its prime real estate asset, Cullinan Tower (formerly Summit Tower), located at Plot No. G-2, Block-2, Scheme-5, Clifton, Karachi.

Based on a notification sent to the Pakistan Stock Exchange (PSX), the Sale Purchase Agreement (SPA) was executed today, and the bank has received the down payment for the transaction.

The move follows the earlier approval of the bank’s Board of Directors during a meeting held on July 3, 2025.

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