Karachi: Bank Makramah Limited has announced a significant restructuring of its share capital following the approved merger with Global Haly Development Limited (GHDL), as sanctioned by the Honourable Islamabad High Court. The announcement was made public on January 16, 2026, highlighting key changes to the bank’s share structure.

The restructuring plan includes the issuance of 12,367.81 million fully paid ordinary shares of Bank Makramah Limited to the shareholders of GHDL, as part of the merger agreement. This move marks a substantial change in the bank’s share capital framework, as it seeks to integrate GHDL into its operations.

A major aspect of the restructuring involves a proportional reduction of the bank’s existing share capital by 94.734080314649%. This reduction will impact all current shares that are unrepresented by available assets. The bank’s issued and paid-up share capital will thus be adjusted to Rs. 10.00 billion, divided into 1.00 billion ordinary shares, each valued at Rs. 10.

According to information available from the Pakistan Stock Exchange (PSX), the share transfer books of Bank Makramah will be closed on January 31, 2026. Shareholders listed in the Register of Members by January 30, 2026, will be eligible to receive new shares. This measure ensures that all entitled shareholders are accounted for in the restructuring process.

The bank has also outlined that all existing physical share certificates will be void as of January 31, 2026. Shareholders holding physical certificates are required to submit their original certificates and a certified copy of their CNIC to the Bank’s Share Registrar and Transfer Agent, starting February 16, 2026, to receive new share certificates.

In compliance with PSX regulations, the bank has scheduled the publication of this announcement in the “Nawa-e-Waqt” and the “Business Recorder” on January 20, 2026. The restructuring is poised to streamline the bank’s operations and enhance its market position following the merger with GHDL.