Bank Makramah Limited Proposes Additional Rights Issue

Karachi, In a notable financial move, Bank Makramah Limited, previously Summit Bank Limited, has proposed an additional rights issue. The company, as per the latest Pakistan Stock Exchange report, plans to issue rights at a rate of 11.2443%. This proposal follows the bank’s earlier announcement of a 65% rights issue, reflecting its strategy for capital augmentation.

Check Also

GB CM Directs Officials to Resolve Public Complaints on Priority

Gilgit: Gilgit-Baltistan Chief Minister Amjad Hussain has directed the concerned authorities to resolve the problems of the people on a priority basis. He made this announcement while addressing an open court in Gilgit. According to Radio Pakistan, ...