Maldives Islamic Bank has decided to sell shares to the public.
The bank is planning to sell shares worth 244 million to the public. That is 4.5 million shares of MIB for 157 million Rufiyaa and 2.4 million shares of Islamic Corporation of the Development of the Private Sector for 87 million Rufiyaa.
Each share will be sold for MVR 35 Rufiyaa and a total of 6,975,00 shares will be sold. This will be 31 percent of the bank.
Shares will be sold starting from 28th of July till 18th of September.
