Bank Makramah Limited Sets Two-tier Rights Issue

Elections / Appointments

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has introduced a two-tier rights issue. The first part is set at a rate of 65%, and the second part at 11.2443%. This initiative is to strengthen the bank's capital adequacy ratio and expand its banking services. According to information available from the Pakistan Stock Exchange (PSX), the bank aims to enhance shareholder value through these issues.