Bank Makramah secures court approval for restructuring scheme

MG News | November 19, 2025 at 11:54 AM GMT+05:00

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November 19, 2025 (MLN): Bank Makramah Limited (PSX:BML) has received sanction from the Islamabad High Court for its restructuring Scheme of Arrangement with Global Haly Development Limited (GHDL), enabling the bank to meet the minimum capital requirement set by the State Bank of Pakistan.

Under the sanctioned scheme, fully paid ordinary shares of BML will be issued and allotted to GHDL shareholders, while BML’s share capital will be reduced through cancellation of capital unrepresented by available assets, according to the company's statement issued today.

The bank’s issued and paid-up capital will be treated as Rs. 10 billion, divided into one billion ordinary shares of Rs. 10 each as of the effective date.

Book closure dates required to implement the scheme will be set after consultation with the Pakistan Stock Exchange.

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