Aziz Mohammad Bhai announces plan to buy Tk155cr worth of Olympic shares

Aziz Mohammad Bhai, a sponsor director and chairman of Olympic Industries Limited, has announced his intention to purchase 1 crore shares of the company through the block market of the Dhaka Stock Exchange (DSE).

According to a disclosure published on the DSE website today (19 February), he plans to acquire the shares at the prevailing market price within the next 30 working days.

The transaction will be executed through the block market, a platform generally used for large-volume trades between institutional and strategic investors, helping to avoid sharp price fluctuations in the regular trading session.

Following the announcement, Olympic Industries' share price rose 2.10% to Tk155.30 apiece on the Dhaka bourse, reflecting a positive market response to the sponsor director's move. 

Market analysts say such declarations are often viewed as a sign of confidence in a company's fundamentals and future prospects.

At the prevailing price of around Tk155 per share, the proposed acquisition of 1 crore shares would amount to approximately Tk155 crore. The sizeable investment is expected to increase the sponsor director's shareholding in the company, although details of his existing stake were not disclosed in the filing.

Olympic Industries is the country's largest branded biscuit manufacturer and a leading player in the fast-moving consumer goods sector. It produces a wide range of biscuits, confectionery and bakery products, supported by a strong distribution network in both domestic and export markets.

According to its financial statements for the July-December period of 2025, the company posted revenue of Tk1,548 crore, up from Tk1,490 crore in the same period a year earlier. Its earnings per share stood at Tk5.99, compared to Tk5.82 previously. As of December 2025, its net asset value per share was Tk65.34.