Meezan Bank raises authorised capital of exchange subsidiary to Rs2 billion

Meezan Bank Limited has approved an enhancement in the authorised capital of its wholly owned subsidiary, Meezan Exchange Company (Private) Limited, from Rs1 billion to Rs2 billion to support smooth operations, according to a disclosure filed with the Pakistan Stock Exchange on February 9, 2026.

The decision was taken at the bank’s 113th board meeting held on the same day and was disclosed in terms of Sections 96 and 131 of the Securities Act, 2015, read with relevant PSX rules governing material information.

Following the increase in authorised share capital, Meezan Bank will immediately invest an additional Rs500 million in the exchange company. As a result, the bank’s total investment in Meezan Exchange Company will rise to Rs1.5 billion.

The bank said the capital enhancement is intended to ensure uninterrupted operations of the subsidiary. The disclosure was submitted to the exchange along with the prescribed annexure, and the Securities and Exchange Commission of Pakistan was also informed.