Amana Takaful shares hits the secondary market

Amana Takaful has announced that their shares are to be opened for trading on the 8^thFebruary 2012. According to the company the share allotment of Amana Takaful will be very different from other share allotments and among the key features of the entire process is that the company will offer the bonus shares to its shareholders prior to the commencement of trading.

“Although it has taken little longer than the expected to complete the formalities of entire process we are glad that in addition to the 800,000 shares issued to public another 11,441,187 shares were issued as bonus shares. This brings the total issued number of shares to 20,241,987. This will not only benefit the our shareholders whose  cost per share has become lower, but also the stock market at large for an increased trading of private equity of an international  company in the Maldives,” said Hareez  Sulaiman,  General  Manager,  Amana Takaful  Maldives.

He further said that the Maldives economy has huge potential for growth, but needs foreign and local investments.

“Active stock market is what will attract this investment.  Therefore, we expect not only our valued shareholders  but also other  individuals  and Corporate to actively take part in the stock market,” he said.

Amana Takaful informed that the Maldives Security Depository has already confirmed the completion of deposit of shares of ATM’s shareholders who have already opened the MSD accounts.  Share certificates have been issued and couriered to the shareholders who are yet to open the account with Maldives Security Depository, said the company.