Karachi, August 16, 2023: In a significant development, Summit Bank Limited gathered its shareholders in an Extraordinary General Meeting (EOGM) where they gave their approval for the bank’s name to be altered from ‘Summit Bank Limited’ to ‘Bank Makramah Limited’.
This change in name comes after the recent acquisition of a controlling share in Summit Bank by well-known UAE investor, H.E. Nasser Abdulla Hussain Lootah. This change reflects the vision of Nasser Abdulla Hussain Lootah and his son Abdulla Lootah, who aim to lead the bank into a new era.
This transformation highlights the bank’s dedication to a fresh mission, centered on delivering outstanding financial services and innovative products to its valued customers, all aligned with Shariah-compliant principles.
The EOGM was attended by the Bank’s Board of Directors and senior executives, along with esteemed shareholders. This decision marks a pivotal step in the bank’s journey, setting the stage for a renewed and purposeful future.
