Mohammed Trading to buy 5 lakh shares of RAK Ceramics
Data from the Dhaka Stock Exchange (DSE) shows that RAK Ceramics shares closed at Tk21.80 each, down 3.11% from the previous session, valuing the planned acquisition at approximately Tk1.09 crore
Mohammed Trading, owned by SAK Ekramuzzaman, managing director of RAK Ceramics (Bangladesh), plans to purchase around 5 lakh shares of the company at current market price, according to disclosures published on stock exchanges today (5 April).
Data from the Dhaka Stock Exchange (DSE) shows that RAK Ceramics shares closed at Tk21.80 each, down 3.11% from the previous session, valuing the planned acquisition at approximately Tk1.09 crore.
The disclosure also confirms that Ekramuzzaman is the proprietor of Mohammed Trading and a sponsor of RAK Ceramics. As of September last year, he held a 3.94% stake in the company, equivalent to 1.69 crore shares.
Keep updated, follow The Business Standard's Google news channel
According to its website, founded in 1996, Mohammed Trading has grown into a prominent player in Bangladesh's trading sector, dealing in high-quality tiles, sanitary ware, faucets, paints, and other consumer products.
The disclosures said the shares to be bought at the current market price through the Dhaka Stock Exchange and Chittagong Stock Exchange.
At the last annual general meeting, shareholders of RAK Ceramics approved entering into contracts for the sale or purchase of goods and materials with Mohammed Trading, amounting to 10% or more of the company's revenue in the immediately preceding financial year, in line with the meeting agenda of the company.
In October last year, Mohammed Trading announced its plan to buy 85 lakh shares of RAK Ceramics at the prevailing market price through the both stock exchanges.
In 2025, RAK Ceramics incurred a loss of Tk39.59 crore, even as its revenue grew by 10.56%, mainly due to higher manufacturing costs, prolonged disruption in gas supply until June, and rising finance expenses.
The multinational ceramic manufacturer's sales rose to Tk7330 crore in 2025 from the previous year, driven largely by increased production following uninterrupted LNG supply from July onward, which helped boost market sales.
Despite the widening losses, its board of directors unanimously recommended a 10% cash dividend for general shareholders for 2025, amounting to Tk11.95 crore.
The declared dividend approved by shareholders in its AGM held on 31 March.
