Global Islami Bank PLC, a capital market-listed company, is now classified under a different category. The company was moved from the ‘A’ to the ‘Z’ category by the Dhaka Stock Exchange (DSE).
Dhaka Stock Exchange (DSE) sources have disclosed this information.
The source claims that because the company failed to timely distribute the declared dividend for the fiscal year that ended in 2024, the DSE placed it in the Z category.
As of today, Thursday, February 13, the company’s shares will be traded on the capital market in the Z category.
Within the next seven working days, brokerage houses and merchant banks are not allowed to offer credit facilities to the company because of the category change, according to the DSE.
