Islami Bank’s current paid up capital is Tk1,609 crore.
Islami Bank Bangladesh PLC has decided to increase its authorised capital fivefold, raising it from Tk2,000 crore to Tk10,000 crore.
The decision was taken at a meeting of the bank’s board of directors held yesterday (4 November).
According to a corporate disclosure on the Dhaka Stock Exchange today (5 November), the enhancement of the authorised capital will be executed through necessary amendments to the company’s Memorandum and Articles of Association.
However, the capital expansion remains subject to clearance from Bangladesh Bank alongside other regulatory authorities, as well as final approval from the shareholders in an Extraordinary General Meeting (EGM).
Islami Bank’s current paid up capital is Tk1,609 crore.
Source: The Business Standard
Read More at: csslbd.net
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