Bank Makramah Limited (BML) wishes to clarify and categorically refute recent media reports and market speculation suggesting that the Bank is being sold.
The Board of Directors of the Bank has accorded in principle approval to proceed further with discussions and engagement with a potential investor regarding a prospective fresh/additional capital injection into the Bank. The objective of such investment is to strengthen the Bank’s Minimum Capital Requirement (MCR) and Capital Adequacy Ratio (CAR), thereby supporting the Bank’s growth plans and regulatory requirements.
Any investment in Bank Makramah Limited remains subject to satisfactory due diligence, successful negotiation and execution of definitive transaction documents between the parties, and receipt of all applicable corporate and regulatory approvals.
Bank Makramah Limited remains committed to maintaining transparency with its stakeholders and will make all necessary disclosures in accordance with applicable regulatory requirements as and when material developments occur.