First Security Islami Bank director to sell entire holding

Abu Hena Mostafa Kamal, one of the sponsors of First Security Islami Bank Limited, announced that he will sell his entire holding of 24 lakh shares in the company.

The declared shares would be sold at the prevailing market price through the Chittagong Stock Exchange Limited (CSE) in the next 30 working days, according to a filing posted on the Dhaka Stock Exchange (DSE) on Tuesday.

Earlier on April 8, another announcement was made by the company’s another director Farzana Parveen, who had expressed her willing to buy 32 lakh shares at the prevailing market price (in the block market) through the CSE.

The lender’s net profit fell by 12.18 per cent to Tk 293.93 crore in 2022 over the previous year.

The lender’s board of directors recommended a 10 per cent stock dividend for the year ending December 31, 2022, subject to regulatory approval.