Bank Makramah Limited has disclosed an important management development concerning the renewal of employment of its President and Chief Executive Officer, Mr. Jawad Majid Khan.

According to the disclosure submitted to the Pakistan Stock Exchange, the decision was approved by the bank’s Board of Directors at its 156th meeting held in Karachi on April 7, 2026. The board approved the renewal of Mr. Jawad Majid Khan’s employment as President and Chief Executive Officer of Bank Makramah Limited.

The renewed employment is effective from March 27, 2026, subject to approval from the State Bank of Pakistan and compliance with all applicable laws, rules and regulatory requirements.

The disclosure was issued by Bank Makramah in accordance with Section 96 and Section 131 of the Securities Act, 2015, as well as the relevant provisions of the Pakistan Stock Exchange Rule Book. The bank also requested that the information be communicated to the TRE Certificate Holders of the Exchange.

The announcement reflects the bank’s formal regulatory disclosure regarding the continuation of its senior executive leadership. As the renewal remains subject to regulatory approval, the relevant authorities will play a role in completing the required process.

Bank Makramah, formerly known as Summit Bank, operates as a banking institution in Pakistan. The latest disclosure provides shareholders and market participants with an official update on the employment status of its President and CEO.

The document was signed by Assad Rabbani, Company Secretary, on behalf of Bank Makramah Limited. Copies of the disclosure were also addressed to relevant officials at the Securities and Exchange Commission of Pakistan and the State Bank of Pakistan.

Key Details at a Glance

  • Company: Bank Makramah Limited
  • Position: President & Chief Executive Officer
  • Executive: Mr. Jawad Majid Khan
  • Board meeting: 156th meeting
  • Board decision date: April 7, 2026
  • Renewal effective from: March 27, 2026
  • Condition: Subject to State Bank of Pakistan approval and applicable regulatory requirements