Summit Bank Limited Announces Name Change To Bank Makramah Limited.

Summit Bank Limited is pleased to announce that the State Bank of Pakistan has granted its consent to change Summit Bank's name to Bank Makramah Limited (abbreviated as BML). This will become effective subject to other regulatory and corporate approvals. This name change follows the recent acquisition of a controlling stake in Summit Bank by prominent UAE investor, H.E. Nasser Abdulla Hussain Lootah.

H.E. Nasser Abdulla Hussain Lootah's vision for Bank Makramah Limited (BML) is to develop it into a leading Islamic bank, providing exceptional financial services and innovative products in line with Islamic principles. The name change from Summit Bank Limited to Bank Makramah Limited (BML) signifies the bank's commitment to embracing Islamic finance principles and delivering innovative and ethical financial services to its valued...