Biman Chairman Rumee A Hossain to sell 10.63 lakh Bank Asia shares

Rumee A Hossain, a sponsor director of Bank Asia PLC and the newly appointed chairman of Biman Bangladesh Airlines, has announced his intention to sell 10.63 lakh shares of the bank.

The announcement was made public today (6 July) on the Dhaka Stock Exchange (DSE) website.

According to the disclosure, Rumee A Hossain will offload the shares from his total holding of 3.93 crore shares at the prevailing market price in the public market through the DSE within the next 30 working days.

Based on yesterday's closing price of Tk18.40, the market value of the shares of the bank slated for sale stands at approximately Tk1.95 crore.

Rumee A Hossain, who is also the managing director of Rangs Industries Limited (the distributor of Toshiba and Samsung) and Romask Limited, currently serves as the chairman of the executive committee of the board of Bank Asia. 

He was recently appointed by the government to lead the board of the national flag carrier, Biman Bangladesh Airlines.

This is not the first time Rumee A Hossain has offloaded bank equity; earlier in July 2025, he sold 36 lakh shares of Bank Asia.

In a separate disclosure issued yesterday, Rehana Kashem, a sponsor of Southeast Bank PLC, announced her intention to sell 10 lakh shares from her total holding of 31.43 lakh shares.

The shares will be sold through the public market within the next 30 working days. Based on Southeast Bank's yesterday's closing price of Tk10.30, the shares are worth approximately Tk1.03 crore.

Rehana Kashem's husband, MA Kashem, is the chairman of Southeast Bank. She had previously sold 38.80 lakh shares of the private commercial bank.