Abdul Halim, a sponsor of Shahjalal Islami Bank PLC, will gift over 2.62 crore shares worth around Tk 49 crore to his son Abdul Hakim. The off-market transfer is expected to be completed by October 31. The bank’s shares dipped slightly, while quarterly profit fell 5% to Tk 159 crore.
Abdul Halim, a sponsor of Shahjalal Islami Bank PLC, is set to transfer more than 2.62 crore shares to his son, Abdul Hakim — a general shareholder of the bank — as a gift.
Based on yesterday’s closing price of Tk 18.6 per share of the Shariah-based lender, the total value of the transfer stands at approximately Tk 49 crore.
According to a disclosure posted on the Dhaka Stock Exchange (DSE) website today, the off-market transfer will be completed by October 31.
As of 2:26pm today, shares of Shahjalal Islami Bank fell 1.08 percent to Tk 18.4.
The bank reported a 5 percent decline in profit to Tk 159 crore in the April–June quarter of 2025, despite a modest rise in investment income, its financial statements showed.
As of August 31, 2025, sponsor-directors collectively held 41.36 percent of the company’s shares, while institutions owned 25.49 percent, foreign investors held 0.01 percent, and the general public accounted for 33.14 percent, according to DSE data.