BNP is byproduct of Bangabandhu killing: Hasan
— August 16, 2022DHAKA, Aug 15, 2022 (BSS) – Information and Broadcasting Minister Dr Hasan Mahmud today said Ziaur Rahman and his family…
Staff Correspondent: Face value of shares of Islami Bank Bangladesh Limited (IBBL) will be Tk 10 instead of existing Tk 100 and market lot will be 100 instead of existing 10 shares subject to approval of the Securities and Exchange Commission (SEC).
The decision was approved unanimously by the shareholders in the extraordinary general meeting (EGM) of the bank held at the Institution of Diploma Engineers, Bangladesh Friday.
Chairman of the IBBL Prof. Abu Nasser Muhammad Abduz Zaher presided over the meeting. The meeting approved the change in clause V of Memorandum and clauses 4(a) and 64 of the Articles of Association of the bank.
Earlier, the SEC issued a directive for uniform face value of equity shares and mutual fund units at Tk 10 by November 30, a move that will help create a level-playing field in the stock market.