Karachi: Bank Makramah Limited has successfully concluded the sale of Cullinan Tower, previously known as Summit Tower, situated at Plot No. G-2, Block-2, Scheme-5, Clifton, Karachi. The announcement was made in a report dated September 2, 2026, as per the requirements of Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book.

The bank confirmed that it has received the remaining sale consideration, completing the full transaction amount of PKR 12 billion. According to information available from the Pakistan Stock Exchange (PSX), this development marks the finalization of the sale process, which had been previously disclosed on August 1, 2025.

The designated market category for this transaction falls under the large-scale financial operations within the real estate sector. With the receipt of the full sale amount, Bank Makramah Limited has officially closed the deal, ensuring the successful transfer of ownership of the prominent property located in Karachi.