BANK Makramah Limited (BML) announces a restructuring scheme that includes an amalgamation of Global Haly Development Limited (GHDL) into BML, resulting in a substantial increase in the bank`s net assets by approximately Rs29.39bn, as per a press release. This move will significantly enhance the bank`s financial standing and position it for sustained future growth.

The restructuring scheme also includes the issuance of fully paid ordinary shares to GHDL shareholders, as well as the redemption of Term Finance Certificates along with accrued profit.

Furthermore, the bank will streamline its capital structure by reducing its share capital through the cancellation of shares that are not represented by available assets, ensuring enhanced financial stability.