Bank Makramah Limited (PSX: BML) has approved a proposal for a further Rs10 billion investment by its Sponsor, marking another planned capital injection into the bank. The approval was granted by the bank’s Board of Directors during its 159th meeting held on August 18, 2026.
According to a notification disseminated to the Pakistan Stock Exchange (PSX), the Board approved the investment proposal and authorised the President and Chief Executive Officer of Bank Makramah to execute an agreement with the Sponsor. Under the proposed agreement, the Sponsor will deposit Rs10 billion into the bank.
The amount will initially be recorded in Bank Makramah’s books as an advance against share subscription. The funds will remain classified in this manner until the required regulatory and corporate approvals are obtained for the issuance of shares to the Sponsor. The proposed issuance is expected to take place through a mode other than a rights issue, subject to completion of the applicable approval process.
The Board’s approval establishes the framework for the Sponsor to provide the additional Rs10 billion to Bank Makramah ahead of the proposed share issuance. Recording the amount as an advance against share subscription allows the bank to account for the funds while the necessary regulatory and corporate requirements are completed.
The proposed transaction remains linked to the receipt of the required approvals. The bank has therefore not treated the amount as an immediate issuance of shares, with the funds instead to be recorded as an advance until the relevant conditions for the share subscription are fulfilled.
Bank Makramah disclosed the development through a notification to PSX on August 18, 2026. The notification followed the Board meeting in which directors considered and approved the proposal for the additional Sponsor investment.
The Rs10 billion injection represents a substantial proposed investment in the bank and will be followed by the issuance of shares to the Sponsor through a mechanism other than a rights issue once the required regulatory and corporate approvals have been secured. The transaction will therefore proceed through the relevant approval and documentation stages before the share issuance is completed.
The Board has authorised the President and CEO to execute the agreement with the Sponsor, providing the management with the authority required to formalize the investment arrangement. Following the Sponsor’s deposit, the amount will be reflected in the bank’s financial records as an advance against the proposed share subscription.
The announcement comes through Bank Makramah’s disclosure to PSX and relates specifically to the Board’s approval of the Sponsor investment proposal. The completion of the proposed share issuance remains subject to regulatory and corporate approvals, after which the advance can be applied toward the subscription of shares by the Sponsor.
The bank’s notification did not provide additional details regarding the specific timing of the share issuance or the final number of shares to be issued under the proposed arrangement. Those details will depend on the completion of the relevant approvals and the terms of the agreement between Bank Makramah and its Sponsor.
With the Board’s approval, Bank Makramah has formally authorised the proposed Rs10 billion Sponsor deposit and the associated share subscription arrangement. The development represents a further capital commitment from the Sponsor, while the funds will remain recorded as an advance until the regulatory and corporate approval process for the proposed share issuance is completed.
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