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اردو

May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance Print 2023-08-17

Summit Bank shareholders approve change of name to Bank Makramah Ltd

Recorder Report Published August 17, 2023

KARACHI: Summit Bank Limited on Tuesday convened its Extraordinary General Meeting (EOGM), where the shareholders granted their consent on the name of the Bank to be changed from “Summit Bank Limited” to “Bank Makramah Limited”.

This name change follows the recent acquisition of a controlling stake in Summit Bank by prominent UAE investor, Nasser Abdulla Hussain Lootah.

Nasser Abdulla Hussain Lootah and his son Abdulla Lootah vision this pivotal transformation that reflects the Bank’s commitment to a renewed purpose and underscores its mission to providing exceptional financial services and innovative products to its valued customers in line with Shariah-compliant principles.

The EOGM was attended by the Board of Directors and senior executive leadership, alongside esteemed shareholders of the Bank.

Summit Bank Limited Nasser Abdulla Hussain Lootah Bank Makramah Limited EOGM

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Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
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Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

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India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
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Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
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Cotton US¢/pound / May 1	76.51
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786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
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