Karachi: Bank Makramah Limited has announced its forthcoming election of directors, scheduled to be officially publicized on March 20, 2025. The announcement adheres to the stipulations set forth in Section 159(4) of the Companies Act 2017.
The notice of the election will be featured in the combined editions of the newspapers Pakistan Observers and Daily Nai Baat, specifically targeting the key cities of Karachi, Lahore, and Islamabad. This update is part of Bank Makramah's compliance with Regulation No. 5.6.9 of the Pakistan Stock Exchange (PSX) Regulations.
According to information available from the Pakistan Stock Exchange (PSX), the bank has also communicated this notice to the TRE Certificate Holders of the Exchange, ensuring that all procedural requirements are met and stakeholders are duly informed.
The scheduled election is a significant event for Bank Makramah Limited, impacting its governance and strategic direction. The designated market category of this election remains within the regulatory frameworks established for banking institutions and publicly listed companies on the PSX.