Bank Makramah Limited Announces Rights Issue at Varied Rates

Karachi, (PPI Bot): Bank Makramah Limited, formerly known as Summit Bank Limited, has announced its intention to issue rights at two different rates. The first tranche will be issued at a rate of 65%, while a second tranche will have a rate of 11.2443%. This dual-rate rights issue reflects the bank's strategic approach to raising capital while offering varying degrees of investment opportunity to its shareholders.