Karachi: The Board of Directors of Bank Makramah Limited has announced the approval of a significant restructuring scheme sanctioned by the Islamabad High Court. The decision, which was conveyed through an official disclosure on November 20, 2025, marks a pivotal step in the bank’s strategic reorganization.
The court’s sanction order, dated November 19, 2025, granted approval to the Scheme of Arrangement filed under specific sections of the Companies Act, 2017. This restructuring plan is expected to bring substantial changes to the bank’s operational framework. The Board has further instructed the management to execute the necessary actions to implement the approved scheme effectively.
In addition to the restructuring plan, the Board addressed a proposal from His Excellency Nasser Abdulla Hussain Lootah, the sole sponsor shareholder of Bank Makramah Limited. The proposal involves an adjustment in the number of shares held by him, which is perceived to offer potential benefits to the bank and its shareholders. The Board has tasked the management with assessing the proposal’s legal, accounting, and regulatory implications for further consideration.
According to information available from the Pakistan Stock Exchange (PSX), these developments are crucial for stakeholders and reflect the bank’s commitment to maintaining transparency and compliance with regulatory standards.
The announcement concludes with an instruction to disseminate this information to the certificate holders of the Exchange as per the established protocols.