Ahmed Shayan Fazlur Rahman to buy 3.85cr IFIC Bank shares
He will buy those shares within the next 30 days
Ahmed Shayan Fazlur Rahman declared to buy 3.85 crore or 2% shares of IFIC Bank from the secondary or block market of the Dhaka bourse at the prevailing market price.
According to the disclosure published on the Dhaka Stock Exchange (DSE) today (27 May), he will buy those shares within the next 30 days.
Presently, Ahmed Shayan serves as the nominated director representing New Dacca Industries in the bank. Additionally, he holds the position of vice chairman in the same bank, where his father, Salman F Rahman, serves as chairman.
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After the purchase declaration, IFIC Bank shares jumped by 4.55% to reach Tk9.20 on Monday at the DSE. During the session, a total of 1.13 crore shares were traded at Tk10 crore.
At present, IFIC Bank has a total paid-up capital of Tk1,922 crore and the number of shares is 192 crore.
Out of those shares, sponsors and directors hold 6.14%, government 32.75%, institutional investors 20.74%, foreign 0.65% and general investors 39.72%.
Among the board of directors, Salman F Rahman holds 3.66 crore shares, New Dacca Industries 3.86 crore shares, and Tradenext International 3.77 crore shares of the bank. The other directors are nominated by the government.
Earlier, the bank recommended a 5% stock dividend to its shareholders for 2023, which was supposed to be approved at the annual general meeting on 27 June.
Its profit fell by 13% in 2023, compared to the previous year. The bank reported that its consolidated earnings per share was Tk1.64 in 2023, which was Tk1.88 in 2022.
