Written by The Banking Post
Abdul Halim, a sponsor-director of Shahjalal Islami Bank PLC, is set to gift over 2.62 crore shares of the Shariah-based lender to his son, Abdul Hakim, who is a general shareholder of the bank.
The share transfer, valued at roughly Tk 49 crore based on Wednesday’s closing price of Tk 18.6 per share, will take place outside the stock trading system by October 31, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website.
Following the announcement, the bank’s shares fell 1.08 percent to Tk 18.4 as of 2:26pm Thursday.
Despite a steady investment income, Shahjalal Islami Bank recorded a 5 percent drop in profit to Tk 159 crore during the April–June quarter of 2025, as per its latest financial report.
As of August 31, 2025, data from the DSE shows that sponsor-directors collectively owned 41.36 percent of the company’s shares, while institutions held 25.49 percent, foreign investors accounted for 0.01 percent, and the general public owned the remaining 33.14 percent.
The planned transfer highlights ongoing share realignments within the country’s banking sector, where family-led sponsors continue to play a dominant role in ownership structures.
