Bank Makramah secures Rs5bn advance from Abdulla Nasser

MG News | October 30, 2024 at 04:49 PM GMT+05:00

0:00

October 30, 2024 (MLN): Bank Makramah Limited (PSX: BML) and Abdulla Nasser Abdulla Hussain Lootah have entered into an agreement whereby Abdulla will deposit Rs5 billion in the bank as an advance against share capital by December 31, 2024.

This arrangement will be in effect if the bank does not meet the regulatory capital requirements set by the State Bank of Pakistan.

The agreement was signed on October 30, 2024, according to the bank's filing with the PSX today.

Copyright Mettis Link News

Related News

TOMCL secures $7.5m export orders for China

Systems limited board approves potential IT services acquisition

Pakistan's Large Scale Manufacturing Output Shows Strong Growth in July 2025

Name	Price/Vol	%Chg/NChg
KSE100	156,171.56 172.98M	-0.01% -9.38
ALLSHR	95,741.11 608.29M	0.05% 50.29
KSE30	47,690.04 114.97M	-0.05% -24.35
KMI30	229,661.53 70.94M	-0.03% -60.56
KMIALLSHR	64,388.57 225.92M	-0.05% -31.50
BKTi	41,974.15 71.18M	0.01% 4.63
OGTi	31,767.81 7.88M	-0.70% -223.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,890.00	117,495.00 116,465.00	-200.00 -0.17%
BRENT CRUDE	68.34	68.59 68.31	-0.13 -0.19%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.42	64.67 64.37	-0.10 -0.16%
SUGAR #11 WORLD	16.55	16.74 16.52	-0.18 -1.08%