Maldives Islamic Bank listed on Maldives Stock Exchange


Maldives
PUBLISHED November 18, 2019

Maldives Islamic Bank PLC (MIB) has been listed on the Maldives Stock Exchange.

In a ceremony held at Dharubaaruge, Male City on November 17, 2019, Minister of Finance Mr. Ibrahim Ameer listed MIB on the Maldives Stock Exchange.


MIB informs that the shares of investors who have subscribed to the banks IPO have been deposited to their respective securities accounts of Maldives Security Depository during last week.

With a rate of MVR 34, 31 percent of MIBs share has been sold through its IPO.  

The Companys IPO has sold over MVR 244 million worth of shares with the minimum limit of 20 shares for each individual.

With the addition of MIB to the stock exchange list, the total number of companies listed reaches 8. 

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