A total of 131 crore 89 lakh shares of Islami Bank owned by S Alam Group have been seized or ‘locked-in’ by the Bangladesh Securities and Exchange Commission (BSEC), the capital market regulatory body. Which is 81.92 percent of the total share of the bank.
In this, the number of tradable shares of the bank in the Dhaka Stock Exchange stands at 18.4 million, which is 11.43 percent of the total shares of the bank.
Islami Bank has given this information in the shareholding report for the month of September. The report has been published on the bank’s website.
Earlier, in view of a letter given by Bangladesh Bank on August 24, BSEC seized the shares of the bank owned by S. Alam.
According to the BSEC order, 26 individuals including S Alam and 56 institutions of the group have 81.92 percent shares of Islami Bank.
Meanwhile, the share price of the bank was Tk 56.80 on Tuesday (October 8). At this rate, the total value of shares held by S Alam stands at 7 thousand 491 crores.
