Prime Bank sponsor to sell shares worth Tk30.5cr thru block market

Mohammed Nader Khan, a sponsor and former chairman of Prime Bank PLC, has announced plans to sell 1.02 crore shares of the bank through the block market, according to a disclosure published on the stock exchanges today (14 June). 

The shares are valued at approximately Tk30.54 crore based on today's closing price of Tk30 per share.

Nader Khan currently holds 4.40 crore shares, representing a 3.61% stake in the bank.

The proposed sale accounts for around 23% of his existing holdings.

According to the disclosure, the shares will be sold through the block market of the Dhaka Stock Exchange within the next 30 working days.

A block trade refers to a large, privately negotiated transaction of securities.

Following the sale, he will retain 3.38 crore shares in the bank, maintaining a significant ownership position.

Meanwhile, Prime Bank reported strong financial results for 2025, posting a consolidated net profit of Tk910 crore, up 24% from Tk732 crore in the previous year.

The bank's earnings per share rose to Tk7.84 in 2025 from Tk6.31 a year earlier, reflecting improved profitability.

The bank also maintained a solid financial position during the year.

Its net asset value per share stood at Tk40, while net operating cash flow per share reached Tk58.07, indicating strong liquidity and operational performance.

Total assets increased to Tk64,890 crore as of December 2025, underscoring continued business expansion.

The bank's Capital to Risk Weighted Assets Ratio stood at 18.07%, among the highest in Bangladesh's banking sector.

The bank's board approved a 30% dividend for 2025, comprising 25% cash and 5% stock dividends.

Shareholders approved the payout at the annual general meeting held on 21 May.