Standard Islami Bank PLC Sponsor Director Ferozur Rahman is set to receive 5,058,850 shares of the bank through off-market gift transfers from family members, according to a disclosure by the Dhaka Stock Exchange (DSE).
The transfers, to be executed outside the trading system, will be completed within 30 working days effective from 3 June 2026, the disclosure said on Sunday.
Under the arrangement, Rahman will receive 587,249 shares from his spouse Morzina Begum, 588,072 shares from his son Sheikh Omar Faruque, 726,821 shares each from his sons Omar Khayum and Omar Qayum, 588,072 shares from his daughter Nargis Mahmuda and 1,841,815 shares from another son Omar Naim.
DSE said the transfer will be executed through gift mechanisms permitted under existing securities regulations.
