FSIBL EGM approves issuance of rights

First Security Islami Bank Limited will issue 1R:2 i.e. 1 right share for every 2 ordinary shares of Tk 10 (Ten) each to raise paid-up capital of the Bank subject to the approval of the regulatory bodies. The 8th Extraordinary General Meeting of the bank held Saturday at Hotel Agrabad, Chittagong approved the proposal. The meeting was presided over by Alhaj Mohammed Abdul Maleque, Vice Chairman, Board of Directors of First Security Islami Bank Limited. Among others, A. A. M Zakaria, Managing Director, Mr. S. M. Nazrul Islam, Company Secretary and shareholders of the Bank were also present on the occasion, said a statement.