March 25, 2026 (MLN): Bank Makramah Limited (PSX: BML) shareholders approved the issuance of 27,888,469 fully paid-up ordinary shares to settle the outstanding principal and accrued profit of the Bank’s rated, unsecured, and subordinated term finance certificates.

These shares will form part of the Bank’s Tier I Capital, pending all necessary regulatory approvals, including those from the State Bank of Pakistan and the Securities & Exchange Commission of Pakistan.

In addition, shareholders approved a Reorganisation Scheme filed before the High Court of Islamabad for the restructuring of the Bank’s shareholding, according to the issued today.

Under this scheme, a portion of the sponsor’s existing shares will be cancelled, and an equivalent number of new shares will be issued to remaining shareholders on a pro-rata basis at no cost.

Eligibility for the new shares will be limited to shareholders recorded in the Bank’s Register of Members on the Book Closure Date, to be determined after the sanction of the scheme by the Court.

This move strengthens the Bank’s capital base and facilitates an equitable restructuring of shareholding, supporting its long-term growth and financial stability.

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