Ibn Sina Trust to sell off all Islami Bank shares, worth nearly Tk100cr - News Summed Up

Ibn Sina Trust to sell off all Islami Bank shares, worth nearly Tk100cr


The Ibn Sina Trust is the largest local corporate shareholder in Islami Bank. Despite this reduction in its shareholding, however, the IDB remains on board and active in Islami Bank. Two other foreign banks have sold out from Islami Bank in recent years. When it was established in 1983, Islami Bank had 13 Middle East-based investors who owned 70% of the shares. According to the latest update given by the DSE, 46.70% of the total shares of Islami Bank are currently owned by sponsors/directors of the bank.


Source: Dhaka Tribune April 26, 2018 13:07 UTC



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