Shareholders of Nigeria’s Islamic Bank Jaiz Bank Plc, the first fully-fledged non-interest Bank in Nigeria, yesterday unanimously voted for its shares to be listed and traded on the floor of the Nigerian Stock Exchange.
The bank disclosed that this development will now open windows of opportunities for numerous individuals who hitherto desires to own shares in Jaiz Bank Plc.
Speaking during the meeting, Chairman of the Bank, Alhaji (Dr.) Umaru Abdul Mutallab, said with the shareholders’ endorsement, the Bank’s authorized Share Capital has been sub-divided from 15, 000, 000, 000 Ordinary Shares of N1.00 each to N30, 000, 000, 000 Ordinary Shares of 50k each.
Also speaking at the event, the Managing Director/CEO, Hassan Usman said once listed on the Nigerian Stock Exchange, existing shareholders can trade their shares while new investors can also invest by buying the shares.
He said: “We want the general public to benefit from the bounties of opportunities for profit available so we can all grow together as one big Jaiz family. The potential are enormous.
“As you may be aware, few months ago, the Bank’s Rights Issue of 2.9 billion ordinary shares was successfully subscribed. We call on everyone to take advantage of this opportunity to own shares in Jaiz Bank Plc.”
