Islami Bank Bangladesh PLC. announcements
522 Dhaka Stock Exchange announcements for Islami Bank Bangladesh PLC. (ISLAMIBANK) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (26).
- BSEC's consent for issuance of IBBPLC Bond of BDT 500 crore
(BSEC's consent for issuance of IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond of BDT 500 crore): Refer to their earlier news disseminated by DSE on 19.09.2024 regarding revising bond issuance to BDT 5 Billion following BB NOC, the company has further informed that Bangladesh Securities and Exchange Commission (BSEC) has accorded its consent to Islami Bank Bangladesh PLC. for raising of Tier 2 capital (cont.1) (cont. news of ISLAMIBANK): Number of securities and total size of the issue to be offered: Total Bonds (securities) to be issued: 10,000 units/bonds; Total Issue Size: BDT 5,000,000,000/- only; Face value and issue price: BDT 5,00,000/- only per bond at par; Rate of return: Reference Rate + Coupon Margin. (end) (cont. news of ISLAMIBANK): The purpose of the issue is augmenting Tier 2 capital as well as strengthening capital base of the Bank. The Key feature of the said issuance is as below (Particulars - Details): Name of the issue: IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond; Type of instruments to be issued: Unsecured, Non-Convertible, Redeemable, Floating Rate, BASEL III compliant Subordinated debt instrument (i.e. bond); (cont.3) (cont. news of ISLAMIBANK): through issuance of IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond of BDT 500 crore under private placement/offer. The consent has been accorded subject to compliance of relevant laws and regulatory requirements as per BSEC (Debt Securities) Rules, 2021 and adherence to the conditions imposed by BSEC under Section- 2CC of the Securities and Exchange Ordinance, 1969. (cont.2)
- (Q3 Un-audited): Consolidated EPS was Tk. (0.55) for July-September 2024 as against Tk. 0.59 for July-September 2023; Co
(Q3 Un-audited): Consolidated EPS was Tk. (0.55) for July-September 2024 as against Tk. 0.59 for July-September 2023; Consolidated EPS was Tk. 1.66 for January-September 2024 as against Tk. 2.72 for January-September 2023. Consolidated NOCFPS was Tk. (3.02) for January-September 2024 as against Tk. (48.09) for January-September 2023. Consolidated NAV per share was Tk. 45.37 as on September 30, 2024 and Tk. 44.14 as on September 30, 2023. Reasons for deviation in EPS and NOCFPS: (cont.)
- Q3 Financials
(cont. news of ISLAMIBANK): EPS on Solo basis for the period from January to September 2024 has been decreased due to increase of total provision against investments compared to previous period. NOCFPS on solo basis has increased than that of previous corresponding period mainly due to increase in placement from other banks Tk.73,744.09 million during the period. However, the Cash & Cash equivalents balance of the Bank is Tk. 123,537.75 million as on 30.09.2024. (end)
The first part of this announcement is missing from the archive. - 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 30, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- Query Response
In response to the DSE query dated September 25, 2024, the company has informed that there is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.
- Refer to their earlier news disseminated by DSE on 25.04.2024 regarding the decision of the Board of Directors of the co
Refer to their earlier news disseminated by DSE on 25.04.2024 regarding the decision of the Board of Directors of the company taken in its meeting held on April 24, 2024 for issuance of IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond up to BDT 10 (ten) billion. In this connection, the company has further informed that Bangladesh Bank has accorded No-objection Certificate (NOC) vide a letter dated 16/07/2024 for issuance of (cont.)
- Revising bond issuance to BDT 5 Billion following BB NOC
(Cont. news of ISLAMIBANK): IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond up to BDT 05 (five) billion instead of BDT 10 (ten) billion. Therefore, proposed bond will be issued up to BDT 05 (five) billion on private placement basis for augmenting Tier 2 regulatory capital of the Bank subject to approval of Bangladesh Securities and Exchange Commission. (end)
The first part of this announcement is missing from the archive. - The company has informed that the Board of Directors of Islami Bank Bangladesh PLC has been dissolved by Bangladesh Bank
The company has informed that the Board of Directors of Islami Bank Bangladesh PLC has been dissolved by Bangladesh Bank vide a letter dated August 22, 2024 and formed the new Board of Directors of Islami Bank Bangladesh PLC with the following Independent Directors: 01. Mr. Md. Obayed Ullah Al Masud, Independent Director & Chairman (subject to resignation from the Board of Directors of NCC Bank PLC.; Former Managing Director, Rupali Bank PLC), (cont.)
- Regarding dissolution & formation of Board of Directors
(Cont. news of ISLAMIBANK): 02. Mr. Mohammad Khurshid Wahab (Former Executive Director, Bangladesh Bank), Independent Director, 03. Mr. Md. Abdul Jalil (Former Deputy Managing Director, Al-Arafah Islami Bank PLC), Independent Director, 04. Dr. M. Masud Rahman (Former Professor, Department of Finance, University of Dhaka), Independent Director and 05. Mr. Md. Abdus Salam, FCA, FCS (Chartered Accountants), Independent Director. (end)
The first part of this announcement is missing from the archive. - Appointment of Company Secretary (Current Charge)
The company has informed that Mr. Mohammad Jahangir Alam, Senior Vice President & Deputy Company Secretary has been appointed Company Secretary for discharging his duties as Current Charge in addition to his present assignment. Contact address: Mr. Mohammad Jahangir Alam, Company Secretary (CC), Islami Bank Bangladesh PLC, Head Office, Islami Bank Tower, 40, Dilkusha C/A, Dhaka, Cell: 01775525666 & 01325083000, E-mail: [email protected].
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 1.91 for April-June 2024 as against Tk. 1.78 for April-June 2023; Consolidated EPS was Tk. 2.22 for January-June 2024 as against Tk. 2.13 for January-June 2023. Consolidated NOCFPS was Tk. 54.79 for January-June 2024 as against Tk. (39.21) for January-June 2023. Consolidated NAV per share was Tk. 46.06 as on June 30, 2024 and Tk. 44.06 as on June 30, 2023. NOCFPS has significantly increased due to increase in placement from other banks & decrease of other assets.
- 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 July 30, 2024 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Credit Rating Result
Emerging Credit Rating Limited (ECRL) has affirmed Surveillance rating of the Company as "AAA" in the long term and "ST-1" in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023 and other available information up to the date of rating declaration.
- Sale confirmation of a Corporate Sponsor
Bangladesh Islamic Centre, a Corporate Sponsor of the Company, further informed that it has completed sale of its entire holding of 34,00,000 shares of the Company at prevailing market price through Dhaka Stock Exchange PLC. (DSE) as per declaration disseminated on 27.06.2024.
- Sale declaration of Corporate Sponsor
Bangladesh Islamic Centre, Corporate Sponsor of the Company, has expressed intention to sell its entire holding of 34,00,000 shares of the Company at prevailing market price (In the Public and Block Market) through Dhaka Stock Exchange PLC. (DSE) within next 30 working days.
- Resumption after record date
Trading of the shares of the company will resume on 19.05.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 16.05.2024.
- 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 with cum benefit from 14.05.2024 to 15.05.2024 and trading of the shares will remain suspended on record date i.e., 16.05.2024.
- The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 25.06.2024,
The Board of Directors has recommended 10\% Cash Dividend for the year ended December 31, 2023. Date of AGM: 25.06.2024, Time: 11:30 AM, Venue: Digital Platform. Record Date: 16.05.2024. The Company has also reported Consolidated EPS of Tk. 3.95, Consolidated NAV per share of Tk. 45.24 and Consolidated NOCFPS of Tk. (10.63) for the year ended December 31, 2023 as against Tk. 3.83, Tk. 43.21 and Tk. (55.68) respectively for the year ended December 31, 2022. (cont.)
- Dividend Declaration
(Cont. news of ISLAMIBANK): The company has further informed that the Paid up Capital of Islami Bank Capital Management Limited, a subsidiary of Islami Bank Bangladesh PLC will be enhanced from Tk. 30.00 crore to Tk. 60.00 crore subject to approval of Regulatory Authorities. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (25.04.2024) following its corporate declaration. However, the floor price shall be applicable accordingly.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.31 for January-March 2024 as against Tk. 0.35 for January-March 2023. Consolidated NOCFPS was Tk. (28.17) for January-March 2024 as against Tk. (52.06) for January-March 2023. Consolidated NAV per share was Tk. 45.40 as on March 31, 2024 and Tk. 43.43 as on March 31, 2023.
- Decision to issue bond to raise Tier-2 regulatory capital
The company has informed that the Board of Directors of the company in its meeting held on April 24, 2024 took, among other issues, the following decision: To issue Basel-III complaint Floating Rate Unsecured Redeemable Non-Convertible Subordinated Bond ("IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond") aggregating up to BDT 10 (ten) billion in one or more tranches on private placement basis subject to approval of Bangladesh Securities and Exchange Commission and Bangladesh Bank.
- 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 April 24, 2024 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
- 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 24, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.