KARACHI: Bank Makramah Limited (BML) has announced the allotment of 27,888,469 fully paid-up ordinary shares as part of a debt settlement arrangement, marking another step in the bank’s capital strengthening efforts.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX), the bank’s Board of Directors, in its 157th meeting held on April 29, 2026, approved the issuance and allotment of the new shares against the settlement of the outstanding principal amount and accrued profit on the bank’s Term Finance Certificate (TFC) holders as of December 31, 2025.
The bank stated that the conversion of debt into equity forms part of its Tier I Capital, further enhancing its capital base. The move follows the approval of shareholders, which was obtained during the company’s meeting held on March 25, 2026.
The transaction is part of Bank Makramah’s ongoing efforts to strengthen its financial position and meet regulatory capital requirements. By converting outstanding TFC obligations into equity, the bank reduces its debt burden while improving its core capital structure.
The disclosure has been submitted in accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book, with the bank requesting the PSX to disseminate the information to relevant certificate holders.
