MIB opens 'share' subscription through infinity portal

Maldives Islamic Bank has opened opportunity for interested individuals to purchase dividends through their infinity portal.

While the opportunity was opened on Sunday, MIB registered at the Maldives Stock Exchange and submitted to price dividends to the public from the MVR 244 million set.

Out of the total, MIB has a MVR 157 million share, Islamic Corporation of the Development of Private Secretary has a MVR 87 million share and a total of MVR 6,975,000 for public dividends. This is 31 percent of the bank’s overall share.

MIB priced their dividends at MVR 35 per share.

Individuals are required to buy 20 dividends for MVR 700 at first.

Alongside infinity portal, people may subscribe through MIB branches, online baking, Dhiraagu Pay or Ooredoo MFaisa.

The deadline for subscription has been set at 18 September 2019.