Bank Makramah Limited (BML) has successfully completed a major financial transformation through the execution of its court-approved restructuring plan, marking a pivotal moment in the Bank’s journey toward sustained growth and financial resilience.
The restructuring scheme, sanctioned by the Islamabad High Court and formally communicated to the market through the Pakistan Stock Exchange (PSX), has significantly reinforced the Bank’s balance sheet by fully eliminating all accumulated losses via a capital reduction. This has effectively restored the Bank to a clean financial position, providing a solid foundation for its next phase of expansion.
BML has emphasized that this restructuring is not a corrective or distress-driven exercise, but rather a forward-looking strategic initiative designed to unlock future growth opportunities. This positioning is supported by a clear return to profitability, with the Bank reporting net profits for the first nine months of the current financial year. Performance has been driven by operational improvements and enhanced recoveries from previously non-performing loans, reflecting strengthening asset quality and improved risk management.
A key financial outcome of this transformation is the expectation that Earnings Per Share (EPS) will move decisively into positive territory. This milestone significantly improves the Bank’s ability to reinstate dividend distributions in the future, reinforcing shareholder value creation.
The restructuring also underscores the unwavering commitment of the Bank’s Sponsor, His Excellency, through Global Haly Development Limited, which currently holds 86.1% of BML’s share capital. In a move that materially benefits minority shareholders, the Sponsor voluntarily proposed a revision to the transaction structure by revaluing the effective share price to PKR 6.25, compared to the original PKR 2.14. This adjustment aligns the transaction with prevailing market valuation and results in approximately 10% of the Bank’s share capital being redistributed to minority shareholders without any dilution, thereby reducing the Sponsor’s holding to approximately 76%.
To date, the founding sponsors have invested PKR 41 billion into the Bank, reflecting a long-term commitment to its stability, turnaround, and future growth. Importantly, the restructuring does not involve any change in ownership, governance framework, or management control, ensuring continuity and strategic consistency.
In order to safeguard shareholder value and maintain economic continuity following the restructuring, the PSX opening share price on February 2, 2026, will be adjusted using a technical multiplier of 18.99003516. This mechanism reflects a consolidation of shares rather than any change in intrinsic value.
With a strengthened balance sheet, restored profitability, and robust sponsor backing, Bank Makramah Limited now stands strategically positioned to pursue sustainable growth, enhance market confidence, and deliver long-term value for all stakeholders
