Summit Bank announces completion of equity injection.

KARACHI -- Summit Bank Limited has announced that a key milestone relating to equity injection from H.E. Nasser Abdulla Hussain Lootah (the investor), a UAE national and a long standing friend of Pakistan, has been completed. In this regard, the shareholders of the bank at their extraordinary general meeting held on January 16, 2023 passed the requisite resolutions authorizing the equity injection. President of the bank, Jawad Majid Khan emphasized that the investor's commitment to the bank is demonstrated by the fact that, despite the current economic...