Global Islami Bank PLC. announcements
91 Dhaka Stock Exchange announcements for Global Islami Bank PLC. (GIB) since 2022: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2025 (36).
- Reduction of entire Paid-up Capital to zero by Order of Bangladesh Bank
With reference to the Letter Ref. No. BRD/12-Resolution/709 dated December 22, 2025 of Bank Resolution Department (BRD) of Bangladesh Bank along with the Capital Reduction Order No. BRD/2025-3 dated December 21, 2025 of Bank Resolution Department (BRD) of Bangladesh Bank in respect of the Reduction of Paid-Up Capital of Global Islami Bank PLC under Section 33 of the Bank Resolution Ordinance, 2025; (cont.1) (Cont. News of GIB): The company has further informed that pursuant to Clause No. 5 of the above Order; for the avoidance of doubt, this order will not be affected: 1. The rights of depositors; 2. The continuity of banking services; 3. The power of Bangladesh Bank to take any further resolution actions. (end) (Cont. News of GIB): It may be mentioned here that as per Clause No. 2(B) of the said Order; No approval or consent of Shareholders, Creditors, Regulators, Stock Exchanges, or any other person shall be required for the validity of this order, pursuant to Section 33(2) of the Ordinance. (cont.3) (Cont. News of GIB): the company has informed that pursuant to the Clause No. 1(A) of the above mentioned Order, the entire Paid-up Capital of Global Islami Bank PLC, amounting to BDT 987.44 crore (Nine Hundred Eighty-Seven Crore and Forty-Four Lac only), is hereby reduced to zero (0). Also according to the Clause No. 2(A) of the Order; this Order takes immediate effect and deemed effective from November 05, 2025. (cont.2)
- Suspension of Trading
Trading of shares of Global Islami Bank PLC shall remain suspended with effect from today, November 6, 2025 until further notice as Bangladesh Bank vide its letter No. BRD/6-Information(Government)/2025-540 dated November 5, 2025 has declared the bank as non-viable (okarjokar) with effect from November 5, 2025 in accordance with the section 15 of the Bank Resolution Ordinance, 2025.
- Appointment of Administrator of the company
The company has informed that Bangladesh Bank vide its Letter dated November 05, 2025 released all the members of the Board of the Bank from the responsibilities of the Board of Directors under Section 47(5) of the Bank Company Act, 1991 with a view to accomplishing the procedure of the Bank Resolution Ordinance, 2025 effectively and fairly as the Bank is under Resolution pursuant to the Section 15 of the Bank Resolution Ordinance, 2025. (cont.) (cont. news of GIB): Subsequently, Bangladesh Bank vide its Letter dated November 05, 2025 appointed an Administrator who will perform responsibility as vested in the Bank Resolution Ordinance, 2025. (end)
- Auditor's report regarding status of IPO Proceeds utilization
Global Islami Bank PLC submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement as at and for the period ended September 30, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/Global-Islami-Bank-PLC-2025.pdf
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (6.07) for July-September 2025 as against Tk. (0.55) for July-September 2024; EPS was Tk. (22.63) for January-September 2025 as against Tk. 0.43 for January-September 2024. NOCFPS was Tk. (12.86) for January-September 2025 as against Tk. (9.92) for January-September 2024. NAV per share was Tk. (44.40) as on September 30, 2025 and Tk. (9.14) as on September 30, 2024. Reasons for deviation: EPS negative Tk. 22.63 due to operating loss Tk. 974.98 crore (cont.1) (Cont. news of GIB): compared to the same period of last year due to earlier charged significant amount of provision and also during the period Tk. 1,260.91 crore, as such retained earnings resulted negative Tk. 5,573.54 crore. (end) (Cont. news of GIB): and provision charged during the period Tk. 1,260.91 crore. NOCFPS decreased by Tk. 2.94 for the period ended September 30, 2025 compared to the same period of last year due to decreased in investment income receipt in cash Tk. 989.57 crore and increased in profit paid on deposits Tk. 439.23 core for the period ended September 30, 2025 compared to the same period of last year. NAV) decreased by Tk. 35.26 for the period ended 30 September 2025 (cont.2)
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 28, 2025 at 3:00 PM to consider, among others, Un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2025.
- BSEC approves modification & time extension for use of IPO Proceeds
Refer to the earlier news disseminated by DSE on 20.08.2025 regarding IPO proceeds utilization, the company has further informed that Bangladesh Securities and Exchange Commission (BSEC) vide its letter dated October 19, 2025 has approved the modification of Use of Proceeds of Initial Public Offering (IPO) with time extension till November 09, 2026.
- Clarification on recent news published in newspaper
In response to a DSE query to the company regarding a news published in a newspaper titled "United Islami Bank is being formed: Eight Members Committee" (translated from Bangla title) on September 14, 2025, the company has submitted clarification vide its letter dated September 14, 2025, which states, among others, the following: "...we are not in a position to provide you any documents relating to the news (cont.) (cont. news of GIB): as we are not informed anything by Bangladesh Bank in respect of such Bank namely "United Islami Bank" as well as formation of a "Committee with Eight Members" by Financial Institutions Division of Ministry of Finance of Government of People's Republic of Bangladesh. We assure you that if this type of issues arises, we would communicate to all the concerned according to the regulatory guidelines..." (end)
- Clarification on recent news published in newspaper
In response to a DSE query letter to the company regarding a news published in a newspaper titled "Three banks agree to merge, two oppose" on September 07, 2025, the company has informed DSE, among others, the following: "...we would like to inform you that as advised by Bangladesh Bank, a team comprising Members of the Board and Top Management of Global lslami Bank PLC headed by the Honorable Chairman of the Bank attended a meeting with the Honorable Governor (cont.1) (cont. news of GIB): In view of the above, we would like to inform you that we do not agree with the news published in the Daily Star on September 07, 2025 as mentioned in your letter. We assure you that if this type of issues arises, we would communicate to all the concerned according to the regulatory guidelines..." (end) (cont. news of GIB): and other high officials of Bangladesh Bank on September 04, 2025 at the Head Office of the Bangladesh Bank to discuss various issues including "The Bank Resolution Ordnance 2025". During the meeting, the team of the Bank agreed to different options available in "The Bank Resolution Ordnance 2025" and short term, midterm and long term Strategic Plans to turn round the Bank in the right track was presented in the meeting. (cont.2)
- Approval of No Dividend for the year 2023 in the 11th AGM of the company
Refer to their earlier news disseminated by DSE on 13.07.2025 the company has informed that the honorable Shareholders in the 11th Annual General Meeting (ACM) held on August 19, 2025 have considered and approved among others the Agenda No. 02 under Ordinary Business. Revocation of the total 10% Dividend: The honorable Shareholders in the 11th AGM 'REVOKED' the total dividend of 10% in combination of 5% cash and 5% stock dividend (cont.) (Cont. news of GIB): as recommended earlier by the Board of Directors of the Bank for the year ended December 31, 2023; Approval of No Dividend: The honorable Shareholders in 11th AGM also approved 'NO DIVIDEND' as recommended by the Board of Directors of the Bank in its 107th meeting held on July 08, 2025 for the year ended December 31, 2023. (end)
- Regarding IPO proceeds utilization
The company has informed that the Shareholders of the company in its 11th Annual General Meeting (AGM) held on August 19, 2024 at 11.00 a.m. have considered and approved, among others, the followings under Special Resolutions regarding Initial Public Offer (IPO) utilization: (i) Transfer of the remaining amount BDT 31,98,032.00 (cont.1) (cont. news of GIB): The details of the utilization of IPO proceeds are available in the Bank's website www.globalislamibankbd.com. (end) (cont. news of GIB): According to the Statement of the Utilization of IPO proceeds of the company for the quarter ended June 30, 2025; a total of BDT 73,81,98,032.00 has been remaining un-utilized. The IPO proceeds could not be fully utilized due to lack of potential investors in SME Sector and volatile Capital Market, Russia-Ukraine war, Political Unrest in the country and also war conflicts in Middle East. (cont.3) (cont. news of GIB): under the head of Estimated IPO Expense to the Investment in SME head subject to approval of Bangladesh Securities and Exchange Commission and other regulatory authorities (if any); (ii) 24 (Twenty-Four) Months' time extension for utilization of the remaining amount of IPO Proceeds as on date till November 09, 2026 subject to approval of the Bangladesh Securities and Exchange Commission and other regulatory authorities (if any). (cont.2)
- Regarding correction on AGM conduction date
Refer to their earlier news disseminated today i.e., 20.08.2025 regarding IPO proceeds utilization, where the company incorrectly mentioned the 11th Annual General Meeting (AGM) was held on August 19, 2024. The company has now informed that the Annual General Meeting (AGM) was held on August 19, 2025 instead of earlier mentioned August 19, 2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (7.51) for January-March 2025 as against Tk. 0.81 for January-March 2024; NOCFPS was Tk. (10.03) for January-March 2025 as against Tk. (8.60) for January-March 2024. NAV per share was Tk. (29.27) as on March 31, 2025 and Tk. 14.74 as on March 31, 2024. (cont.1) (Continuation news of GIB): NOCFPS decreased by Taka 1.43 for the period ended 31 March 2025 compared to the same period of last year due to decreased in investment income receipt in cash Taka 255.37 crore and increased in profit paid on deposits Taka 218.34 crore for the period ended 31 March 2025 compared to the same period of last year. (end) (Continuation news of GIB): Net Asset Value Per Share decreased by Taka 44.01 for the period ended 31 March 2025 compared to the same period of last year due to earlier charged significant amount of provision and also during the period Taka 607.10 crore, as such retained earnings resulted negative Taka 4,079.93 crore. EPS is negative Taka 7.51 due to operating loss Taka 127.65 crore and provision charged during the year Taka 607.10 crore. (cont.2)
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (9.06) for April-June 2025 as against Tk. 0.16 for April-June 2024; EPS was Tk. (16.56) for January-June 2025 as against Tk. 0.97 for January-June 2024. NOCFPS was Tk. (9.08) for January-June 2025 as against Tk. 1.30 for January-June 2024. NAV per share was Tk. (38.33) as on June 30, 2025 and Tk. 14.40 as on June 30, 2024. (cont.1) (Continuation news of GIB): and provision charged during the year Taka 1,070.43 crore. NOCFPS decreased by Taka 10.38 for the period ended 30 June, 2025 compared to the same period of last year due to decreased in investment income receipt in cash Taka 861.34 crore and increased in profit paid on deposits Taka 314.23 crore for the period ended 30 June 2025 compared to the same period of last year. (end) (Continuation news of GIB): Net Asset Value Per Share decreased by Taka 52.73 for the period ended 30 June 2025 compared to the same period of last year due to earlier charged significant amount of provision and also during the period Taka 1,070.43 crore, as such retained earnings resulted negative Taka 4,974.23 crore. EPS is negative Taka 16.56 due to operating loss Taka 563.10 crore (cont.2)
- Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on August 12, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on August 12, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2025.
- Auditor's report regarding status of IPO Proceeds utilization
Global Islami Bank PLC. submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement for the quarter ended on June 30, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/Global%20Islami%20Bank_2025.pdf
- Resumption after Record Date
Trading of the shares of the company will resume on 03.08.2025.
- Suspension for Record Date
Trading of the shares of the company will remain suspended on record date i.e., 31.07.2025.
- Emphasis of Matter
The auditor of the "Global Islami Bank PLC" has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 31 December 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/GIB_2024.pdf The auditor of the "Global Islami Bank PLC" has given the "Emphasis of Matter" paragraph in the rectified Auditor's Report for the year ended on 31 December 2023. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2023/GIB_2023%20(rectified).pdf
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle from 28.07.2025 to 30.07.2025 and trading of the shares will remain suspended on record date i.e., 31.07.2025.
- Regarding rectified Audited Financials of 2023
Refer to their earlier news disseminated by DSE on 09.07.2025 regarding change of AGM date and rectified Audited Financials of 2023, the company has further informed that the Board of Directors adopted the Rectified Audited Financial Statements for the Year ended December 31, 2023 and resolved that after received due consent from Bangladesh Bank, engaged the Statutory Auditors of (cont.1) (cont. news of GIB): Regulation 19(2) of the Dhaka Stock Exchange (Listing) Regulations, 2015, and also the BSEC's Notification No. BSEC/CMRRCD/2006-158/208/Admin/81, dated June 20, 2018. (end) (cont. news of GIB): for the year 2023, in substitution of the 5% Stock Dividend and 5% Cash Dividend previously recommended. This revised recommendation is subject to approval of the shareholders at the 11th AGM. It is to be noted that change of recommended dividend prior to the holding of the AGM is a non-compliance with the (cont.3) (cont. news of GIB): the Company to rectify material errors with the previously adopted audited financials and based on the rectified financial statements, it was found that there was net loss for the year ending 2023 and resultant accumulated loss and considering the legal embargo from distributing dividends other than out of profits of the year or any other undistributed profits, the Board has resolved to place before the shareholders a recommendation of "No Dividend" (cont.2)
- Response of GIB to DSE query regarding change in Dividend Declaration
In response to a DSE query dated July 09, 2025 to the company in connection with changing the dividend declaration for the year ended December 31, 2023, the company has submitted response vide its letter dated July 10, 2025. To view the letter, please visit the following link: https://www.dsebd.org/Annexure/2025/GIB_13.07.2025.pdf
- Appointment of Managing Director (Current Charge)
The company has informed that the Board of Directors has assigned the Deputy Managing Director, Mr. Ataus Samad as Managing Director (Current Charge) of the company.
- Dividend Declaration
The Board of Directors has recommended No Dividend for the year ended December 31, 2024. Date of AGM: 21.09.2025, Time: 11:00 AM, Mode of 12th AGM: Hybrid System. Venue for physical presence: Banquet Hall, Kurmitola Golf Glub, Dhaka Cantonment, Dhaka. Record Date: 31.07.2025. (cont.) (Cont. news of GIB): The Company has also reported EPS of Tk. (12.62), NAV per share of Tk. (21.77) and NOCFPS of Tk. 4.75 for the year ended December 31, 2024 as against Tk. (21.79), Tk. (9.14) and Tk. (0.16) respectively for the year ended December 31, 2023. (end)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (10.07.2025) following its corporate declaration.
- Regarding change of AGM date and rectified Audited Financials of 2023
Refer to the earlier news disseminated by DSE on 29.04.2024 regarding Dividend declaration and other issues, and Postponement of 11th AGM on 07.08.2024, the company has further informed that the 11th AGM of the Company will be held on Tuesday, August 19, 2025 at 11.00 a.m. through Hybrid System (Venue for physical presence: Banquet Hall, Kurmitola Golf Glub, Dhaka Cantonment, Dhaka). (cont.) (cont. news of GIB): The Board of Directors has also unanimously decided to adopt the following rectified financial matters: Rectified EPS of Tk. (21.79), Rectified NAV per share of Tk. (9.14) and Rectified NOCFPS of Tk. (0.16) for the year ended December 31, 2023. There is no change in the EPS, NAV per share and NOCFPS figures for the audited financials for the year ended December 31, 2022. (end)
- Regarding transfer of IPO Expenses & extension of IPO proceeds utilization
The company has informed that the Board of Directors has decided: a) To transfer the remaining amount of BDT 31,98,032.00 under the head of "Estimated IPO Expenses" to the "investment in SME" head subject to approval of the Shareholders, Bangladesh Securities and Exchange Commission and other regulatory authorities (if any); and (cont.) (cont. news of GIB): b) To extend additional 24 (Twenty-Four) months time for utilization of remaining amount of IPO proceeds as on date till November 09, 2026 subject to approval of the Shareholders, Bangladesh Securities and Exchange Commission and other regulatory authorities (if any). (end)
- Change of Board Meeting Time under LR 19(1)
The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 08, 2025 at 5:00 PM instead of 3:00 PM to consider, among others, Rectified audited financial statements of the Company for the year ended December 31, 2023.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 09, 2025 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024.
- Board meeting schedule under19(1) to adopt rectified audited financials
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 08, 2025 at 3:00 PM to consider, among others, Rectified audited financial statements of the Company for the year ended December 31, 2023.
- Auditor's report regarding status of IPO Proceeds utilization
Global Islami Bank PLC. submitted auditor's report regarding status of IPO (Initial Public Offering) Proceeds utilization statement for the quarter ended March 31, 2025. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2025/GIB-2025.pdf
- Postponement of Board Meeting schedule under LR 16(1)
The Company has further informed that due to unavoidable circumstances, the meeting scheduled to be held on April 29, 2025 at 3:00 PM as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025, has been postponed.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 29, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- Category Change
The Company has been placed in 'Z' category from existing 'A' category with effect from today i.e., February 13, 2025 according to provision 1(b) of BSEC Directive No. BSEC/CMRRCD/2009-193/77 dated May 20, 2024 regarding non holding of Annual General Meeting (AGM) within the stipulated time frame.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase securities of Global Islami Bank PLC with effect from today i.e., 13.02.2025 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.