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, H.E. Nasser Abdulla Hussain Lootah.
H.E. Nasser Abdulla Hussain Lootah and his son Mr. Abdulla Lootah have visioned 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.
The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Thursday, losing…
Pakistani rupee on Thursday appreciated by 10 paisa against the US dollar in the interbank…
The price of 24 karat per tola gold increased by Rs1,400 and was sold at…
The government on Thursday outlined the measures taken and progress achieved since it began implementing…
Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Thursday chaired a meeting…
The Securities and Exchange Commission of Pakistan (SECP) has ceased the guarantee business of Crescent…
Leave a Comment