Bank Makramah Limited Proposes Substantial Rights Issues

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has disclosed its plans for two separate rights issues to its shareholders. The first rights issue is set at 65%, and a subsequent issue has been proposed at 11.2443%. These initiatives aim to increase the bank’s capital to support its expansion and operational strategies. The proposals were announced in a recent submission to the Pakistan Stock Exchange.