ISLAMABAD: DM Holdings Limited has initiated a formal process to acquire a significant shareholding in Bank Makramah Limited, a move that could change control of the listed lender. Bank Makramah is a listed company at the Pakistan Stock Exchange.
In a filing submitted to the Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange today, the company disclosed its intention under takeover regulations. DM Holdings has appointed Arif Habib Limited as manager to facilitate this acquisition in Pakistan.
The deal may trigger a mandatory public offer for at least fifty percent of the remaining voting shares, depending on the final structure and control achieved.
However, the acquirer stated that the exact stake size is not yet determinable and will be finalized through a share purchase agreement, subject to approvals.
Bank Makramah Limited remains heavily concentrated, with the majority ownership held by its principal shareholder, making the transaction a material governance shift. Mettis Global, a Karachi-based organization, reported this breakthrough in the financial sector in Pakistan.
The development highlights renewed merger and acquisition interest in Pakistan’s banking sector, where investors are targeting distressed and undercapitalized lenders.
DM Holdings Limited is a privately held investment company based in Karachi with diversified sector experience across industries.
The group aims to deploy long-term capital across multiple sectors, marking its entry into financial services through this acquisition.
Market participants expect regulatory approvals, funding clarity, and possible rival bids to determine the final outcome of the transaction.
Shares of Bank Makramah Limited closed at PKR 61.22 on June 11, 2026, while recent data reflects partial stabilization in financial performance after earlier volatility, according to exchange information and market reports.
Stakeholders will closely monitor regulatory decisions and competing offers shaping valuation and control of the lender in coming weeks ahead Analysts say the transaction could accelerate consolidation across Pakistan’s banking industry amid ongoing restructuring and regulatory tightening pressures shaping future investment direction significantly going forward.
