Bank Makramah to issue 27.8 million shares to TFC holders as part of Tier 1 capital boost
Bank confirms approval for share issuance to meet Tier 1 capital requirements, pending regulatory and shareholder approval
Bank Makramah Ltd. has announced that it will issue 27.8 million shares to the holders of its Term Finance Certificates (TFCs) as part of its effort to strengthen its Tier 1 capital, according to a filing with the local bourse on Thursday.
This follows consent from the TFC holders and a material information disclosure made by the bank on January 26, 2026.
The total outstanding amount to be covered by this issuance is Rs 3.35 billion, which will be adjusted for taxes. The issuance is subject to regulatory and shareholder approval, in line with the bank’s efforts to meet capital adequacy requirements.
The shares will be issued in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book, marking an important step for the bank in securing its financial standing. The bank has directed that this information be shared with the TRE certificate holders of the Pakistan Stock Exchange.
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