The board of directors of Islami Bank has decided to enhance authorised capital of the Bank from Tk 10.00 billion to Tk 20.00 billion subject to approval of shareholders in the Extra General Meeting (EGM).

The Bank has also informed that the Board of Directors of the Bank has decided to enhance authorised Capital of Islami Bank Securities Limited, a subsidiary company of the bank, from Tk 1.00 billion to Tk 10.00 billion and paid up capital from Tk 300 million to Tk 5.00 billion subject to approval of regulatory authorities.

AAA Consultants & Financial Advisers Ltd will act as the issue manager while Eastern Bank Limited (EBL) is the trustee.

Source: Daily Sun