Decision Not to Sell Nabil Bank's Founding Shares

The International Finance Investment and Commerce Bank Limited (IFIC Bank) of Bangladesh has decided not to sell its founding shares in Nabil Bank. IFIC Bank had initiated the process on December 1, 2022, to sell 17,736,088 founding shares, including bonus shares, held in Nabil Bank. However, IFIC Bank has now decided to halt the sale process and retain these founding shares. Additionally, other founding shareholders who had submitted purchase proposals have also withdrawn their applications. As a result, these shares will remain with Nabil Bank.