Publication:

Oversubscription of MIB shares while HDFC issues third corporate sukuk

Loading...
Thumbnail Image

Abstracts views

46

Views & Download

0

Date
2019
SDG:
Abstract
Maldives Islamic Bank (MIB) has announced that its IPO of shares was successfully oversubscribed. A total of 6.98 million shares - 31% of the total number of shares - were open for the public and the price per share was MVR35 (US$2.24) of which the total will amount to MVR244.13 million (US$15.61 million). At the moment, the board of MIB is enacting a regulation to distribute shares to shareholders in a fair manner, giving preference to retail investors in accordance to what was mentioned in the prospectus.
Keywords
Maldives Islamic Bank (MIB) , Shares , Sukuk , Maldives
Citation
Muneeza, Aishath. (2019). Oversubscription of MIB shares while HDFC issues third corporate sukuk. Islamic Finance News, 16 (40), pp. 18.
Publisher
Redmoney
DOI

Link Entity

Person Search Results

Now showing 1 - 1 of 1