His Excellency Nasser Abdulla Hussain Lootah, a renowned and successful business leader, is the majority shareholder of Bank Makramah Limited (BML) formerly known as Summit Bank Limited (SMBL) in Pakistan. This strategic move not only reflects his confidence in the country and the bank, but also marks a new era for BML as it gradually transitions into a fully-fledged Islamic Bank under his vision.His Excellency has a remarkable track record of leadership and accomplishments in various industries.
For over five decades, he has held the esteemed position of Chairman at the Nasser Abdulla Lootah Group of Companies. This conglomerate has a wide range of interests, including the Travel, Shipping, Cargo, Logistics, Mineral Water, Real Estate, Trading, Information Technology, Interactive Media, Production and Brand Media Communication Sectors. With his leadership, the group has experienced unparalleled growth and established a strong presence in the Middle East.In addition to his business success, His Excellency is also known for his commitment to public service.
Furthermore, SMBL has recently secured a substantial investment from H.E Nasser Abdullah Lootah, a prominent investor based in the UAE. By investing PKR 10 Billion, H.E Nasser Abdullah Lootah has obtained a majority equity stake in the Bank. This new partnership will significantly strengthen the Bank’s capital base, enabling it to expand its operations and introduce new and exciting products and services to cater to the evolving needs of the customers.
He previously held the esteemed position of Director in the office of the Late Vice President and Prime Minister of Dubai, Sheikh Maktoum Bin Rashid Al Maktoum, for an impressive period of 35 years. Further, he serves as the Patron of the Australian Business Council, Dubai.His outstanding leadership, strategic acumen, and extensive experience have earned His Excellency a prominent place in both business and public spheres. His investment in Bank Makramah Limited is a testament to his belief in its potential and his dedication to furthering its success.