Bank Makramah’s Reorganisation Scheme Hearing Scheduled for November 2 Before Islamabad High Court

Karachi, November 7, 2026: Bank Makramah Limited (BML) has informed the Pakistan Stock Exchange (PSX) that the next hearing regarding its proposed Scheme of Reorganisation has been scheduled for November 2, 2026, before the Honourable Islamabad High Court.

In a material information disclosure dated October 30, 2026, the bank stated that the proposed scheme, if sanctioned by the court, would result in the cancellation of a certain number of ordinary shares held by its majority shareholder and sponsor, His Excellency Nasser Abdullah Hussain Lootah.

Under the proposed arrangement, the sponsor’s shareholding in the bank would be reduced from 83.78% to 75.80%. The corresponding number of shares would be issued to the bank’s remaining shareholders on a pro-rata basis, in accordance with their respective shareholdings and the terms of the proposed scheme.

The bank clarified that the proposed arrangement remains subject to approval by the Honourable Court. The Book Closure Date will be announced through the Pakistan Stock Exchange following the court’s sanction of the scheme.

Bank Makramah further stated that it would continue to keep the exchange informed about any material developments concerning the proposed reorganisation.

The development is significant for the bank’s existing shareholders, as the proposed restructuring could change the sponsor’s ownership percentage and adjust the shareholding distribution among the bank’s remaining investors.

Investors are advised to monitor official announcements from Bank Makramah and the Pakistan Stock Exchange for further updates regarding the court proceedings and implementation of the proposed scheme.