BSEC rolls up its sleeves to woo MNCs: Shibli

The securities regulator BSEC has been making its maximum efforts to attract multi-national companies (MNCs) and big companies to the stock market.

“We’re working hard on attracting multinational companies and large industrial groups in the capital market. Progress will be visible in a few days,” said Bangladesh Securities and Exchange Commission (BSEC) Chairman Shibli Rubayat-Ul-Islam.

He made the remarks during a courtesy call paid by the newly elected leaders of the Capital Market Journalists Forum (CMF) in his office in Dhaka on Tuesday.

“We’ve information that many big companies of the country want to see their names in the international magazine Forbes (forbes). This is possible only if the company is listed on the capital market,” said the BSEC chairman.

The regulator has been focusing on creating a conducive environment for the companies to enter the stock market, he said.

He added that the present commission started reaping the benefits of several initiatives taken recently to develop the stock market.

The CMJF delegation led by its new president Ziaur Rahman met the BSEC chairman.

During the meeting, BSEC Commissioners Shaikh Shamsuddin Ahmed and Md Abdul Halim, among others attended the event.

Currently, thirteen MNCs are listed on the capital markets. The MNCs’ total market capitalisation was Tk 1,38,488 crore in 2021, accounting for 25.5 per cent of the DSE’s total market cap.

The listed MNCs are Grameenphone, Robi Axiata, Heidelberg Cement, RAK Ceramics, British American Tobacco Bangladesh, LafargeHolcim, Reckitt Benckiser, Bata Shoe, Berger Paints, Linde BD, Marico, Unilever Consumer Care, and Singer BD.