First Security Islami Bank to issue right shares
BI Report || BusinessInsider
Published: 20:18, 19 September 2021
Update: 21:08, 19 September 2021
First Security Bank logo.
The board of directors of First Security Islami Bank has recommended raising its paid-up capital through issuing right shares.
In a filing with Dhaka Stock Exchange on Sunday, the company reported that the rights ratio will be 1R:2.
The purpose of the rights issuance is to cope with the business growth, strengthen the capital base and maintain adequate capital of the company, it added.
The record date for this has been fixed on October 6 and EGM will be held on September 27.
