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IBN Sina completes sale of IBBL stake

May 06, 2018 00:00:00

FE Report

IBN Sina Trust, one of the corporate sponsors of Islami Bank Bangladesh Limited (IBBL), has completed sale of its entire holdings in the company.

Earlier on April 26, the trust expressed its intention to offload the entire holdings in the IBBL.

On May 3, the IBBL made a disclosure on completion of selling out the entire holdings by the trust.

As per the declaration, the trust sold above 36.07 million shares of the IBBL at prevailing market price through the stock exchanges.

According to information of Dhaka Stock Exchange (DSE), the sponsor-directors hold 46.70 per cent shares while institutions 9.16 per cent, foreigners 26.37 per cent and general shareholders 17.77 per cent as on March 31, 2018.

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