Dhaka, Bangladesh (BBN) – Four more companies’ sponsor directors have announced their intention to buy shares to comply with the Securities and Exchange Commission (SEC)’s recent directive.
Sponsor director of two banks and two insurance companies—City Bank, Al-Arafa Bank, Peoples Insurance and Takaful Insurance – have announced their intention to buy shares at prevailing market price through Stock Exchange within next 30 working days.
Evana Fahmida Mohammad, one of the Sponsors Directors of the City Bank, has reported her intention to buy 300,000 shares of the private commercial bank.
Niaz Ahmed, one of the Sponsors Directors of the Al-Arafa Bank Limited, also reported his intention to buy 1400,000 shares of the Bank.
Mohammed Ali Hossain, one of the Sponsors Directors of Peoples Insurance, intended to buy 715,954 shares in the Block/Public/Odd Lots Market.
Md. Mohiuddin, one of the Sponsors Directors of Takaful Insurance also reported his intention to buy 50,000 shares of the company at prevailing market price.
Earlier, Salman F Rahman, sponsor-director of Beximco and Beximco Pharma, Mohammed Zahirul Islam Chowdhury, one of the sponsors-directors of the Popular Life Insurance, Md. Shuhrawardi, a sponsor-director of the Alhaj Textile had reported their intention to buy shares.
BBN/BB/AD-13Dec11-4:52 pm (BST)