Bank Makramah Drops DM Holdings Proposal as Lootah Plans Rs10bn Capital Injection
Bank Makramah Limited has discontinued a proposed DM Holdings-led equity investment and is proceeding with sponsor Nasser Abdulla Hussain Lootah’s planned Rs10 billion capital injection, subject to approvals.
Bank Makramah Approves Rs10 Billion Sponsor Investment
Bank Makramah’s Board has approved a Rs10 billion sponsor investment, with the amount to be recorded as an advance against share subscription pending regulatory and corporate approvals.