Dhaka Bank’s former chairman to receive 1.03cr shares as gift from sister
Hayatuzzaman holds 30.19 lakh shares in Dhaka Bank. Following the transfer, his total shareholding will increase to 1.33 crore shares, representing 1.26% of the bank’s total shares
ATM Hayatuzzaman Khan, sponsor and former chairman of Dhaka Bank, is set to receive 1.03 crore shares of the bank as a gift from his sister, according to a disclosure on the Dhaka Stock Exchange (DSE).
The shares will be transferred by Zaheda Wahed Khan, a general shareholder and sister of Hayatuzzaman, outside the trading system of the DSE within the next 30 working days, effective from 20 July.
Currently, Hayatuzzaman holds 30.19 lakh shares in Dhaka Bank. Following the transfer, his total shareholding will increase to 1.33 crore shares, representing 1.26% of the bank's total shares.
Keep updated, follow The Business Standard's Google news channel
Hayatuzzaman was the founding vice-chairman of Dhaka Bank and served as its chairman from 2001 to 2003. His wife, Rokshana Zaman, currently serves as a director of the bank.
Earlier, for the year ended 31 December 2024, Dhaka Bank declared a total dividend of 10%, consisting of 5% in cash and 5% in bonus shares.
The issuance of bonus shares is intended to strengthen the bank's capital base under Basel III guidelines, thereby supporting long-term business expansion.
Meanwhile, the bank has reported a robust earnings performance in the first quarter of 2025, buoyed by higher operating income across its core banking activities.
According to the bank's unaudited financial statement released on 27 May, net profit rose to Tk84.63 crore in the January-March period, marking an 11% increase from Tk76.5 crore in the same quarter last year.
Earnings per share (EPS) climbed to Tk0.84, up from Tk0.76 year-on-year, reflecting improved operational efficiency.
While the quarterly results show positive momentum, the audited financials for 2024 recorded a 23% decline in net profit, totalling Tk128.13 crore, compared to Tk166.52 crore in 2023. Annual EPS dropped to Tk1.27 from Tk1.66 in the previous year.
Listed on the stock exchange in 2000, Dhaka Bank's shareholding structure as of June shows sponsors and directors holding 41.03%, institutional investors 12.34%, and general investors the remaining 46.63%.
