Nasser Abdulla Hussain Lootah commits additional Rs10bn in equity to BML

KARACHI: Bank Makramah Limited (BML) announced that its Board of Directors has approved a proposal for an additional Rs 10 billion equity investment by the Bank’s Sponsor, Nasser Abdulla Hussain Lootah. The investment, to be made as an advance against equity, remains subject to the requisite regulatory and corporate approvals.

The further sponsor investment is being exclusively arranged by His Excellency, demonstrating his strong confidence in the Bank, its turnaround journey and long-term potential. This continued backing provides the Bank with a stronger financial foundation and allows management to remain focused on accelerating its transformation, strengthening the business and pursuing sustainable long-term growth.

Upon completion, His Excellency’s aggregate investment in the Bank will reach Rs 51 billion, reflecting a sustained and decisive commitment to the Bank’s transformation and long-term growth. This journey began with the initial Rs 10 billion capital injection, which paved the way for the acquisition of a majority stake in April 2023.

This was followed by a further Rs 5 billion investment, currently held as an advance against equity. The landmark merger with Global Haly Development Limited subsequently contributed Rs 26.467 billion to the Bank’s capital base, alongside the integration of the high-value Creekside Property. With the proposed additional investment of PKR 10 billion, His Excellency is once again reinforcing his confidence in the Bank and strengthening its capital base to support its continued growth and future potential.

The latest capital commitment further reinforces the Sponsor’s sustained support for the Bank’s recapitalisation, financial strengthening and transformation. It will provide BML with a stronger financial foundation as management continues to strengthen the business and pursue sustainable, long-term growth.

The Sponsor’s continued and increasing investment represents a strong vote of confidence in BML’s management, turnaround strategy and future development as a growing Islamic banking institution.

Copyright Business Recorder, 2026