Summit Bank



UAE-based investor acquires majority stake in prominent Pakistani commercial bank

  • Dubai-based businessman, Nasser Lootah, has injected Rs10 billion in Summit Bank through for issuance of Rs3.98 billion worth of new shares
  • Lootah vows to transform Summit Bank into a ‘full-fledge’ Islamic bank, a major development for the Islamization of Pakistan’s banking system
By KHURSHID AHMED  ·