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Bank Makramah Limited Announces Two Right Issues

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has announced two separate right issues to its shareholders, according to the latest disclosures to the Pakistan Stock Exchange (PSE). The first right issue is at a rate of 65%, and the second at 11.2443%. These strategic moves are aimed at bolstering the bank's capital base, allowing it to expand its operations and enhance its financial stability. Shareholders of Bank Makramah Limited will have the opportunity to increase their investment in the bank through these right issues, reflecting the institution's ongoing efforts to strengthen its market position and shareholder value.