Bank Makramah Limited (PSX: BML) and Abdulla Nasser Abdulla Hussain Lootah have entered into an Agreement under which the latter will deposit Rs. 5 billion in the bank as advance against share capital by December 31, 2024, to meet regulatory capital requirements.
Bank Makramah Limited Abdulla Nasser Abdulla Hussain Lootah have entered into an agreement dated October 30, 2024, subject to the terms of which Abdulla will deposit Rs. 5 billion in the Bank as advance against share capital by December 31, 2024, BML said in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.
The amount will be deposited if compliance of the bank with the regulatory capital requirements as prescribed by the State Bank of Pakistan is not achieved.
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