Bank Makramah Limited has announced the scheduling of the next hearing for its Scheme of Reorganisation, which could significantly alter the shareholding structure of the bank.
- The hearing is set for November 2, 2026, at the Islamabad High Court.
- If approved, the majority shareholder's stake will decrease from 83.78% to 75.80%.
- An equivalent number of ordinary shares will be issued to remaining shareholders on a pro rata basis.
- The Book Closure Date will be announced following the court's sanction of the Scheme.
- The bank commits to keeping the Pakistan Stock Exchange updated on any material developments.