Summit Bank increases its Authorized Capital from Rs28bn to Rs90bn

News Image

By MG News | October 11, 2021 at 05:03 PM GMT+05:00

0:00

October 11, 2021 (MLN): The Board of Directors of Summit Bank Limited have approved the increase in the Authorized Capital of the Bank from Rs28 billion to Rs 90 billion subject to the approval of the regulatory authorities and the shareholders of the Bank.

The Board has further approved the issue of 5,976,095,618 new ordinary shares by way of without rights offer at a discounted price of Rs2.51/- per share to His Excellency Nasser Abdulla Hussain Lootah (the Acquirer) and the minority shareholders subject to the approval of the regulatory authorities and the shareholders of the Bank, Bank's notice to PSX said.

Copyright Mettis Link News

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,800.00 108,105.00
107,505.00
-435.00
-0.40%
BRENT CRUDE 66.42 66.63
66.34
-0.32
-0.48%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.75 65.02
64.67
-0.36
-0.55%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg