Maldives Islamic Bank (MIB) has revealed it has received over USD 23.105 million from the sale of shares.
MIB said it received 16,146 applications to purchase shares. The bank said it estimated to receive USD 7.269 million but received 46% more than estimated amount.
MIB said the board of the bank has decided to prioritise individuals who applied to purchase shares, adding individuals and parties who were unable to purchase shares would be refunded starting from October 28. The bank further revealed share values will be deposited to the accounts before November 6.
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