HIS EXCELLENCY NASSER ABDULLA HUSSAIN LOOTAH
SPONSOR AND MAJORITY SHAREHOLDER – SUMMIT BANK LIMITED
His Excellency Nasser Abdulla Hussain Lootah, an extremely successful business leader, has recently become the majority shareholder of Summit Bank Limited in Pakistan. This strategic move not only reflects his confidence in the country and the bank but also marks a new era for Summit Bank as it 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. 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 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 Summit Bank Limited is a testament to his belief in its potential and his dedication to furthering its success. Under his esteemed directives, the bank will now be renamed as Bank Makramah Limited (BML).