Jaiz to list 30bn ordinary shares on NSE

Jaiz Bank Plc, has received the nod of its shareholders to list its shares on the floor of the Nigerian Stock Exchange yesterday.
The shareholders unanimously approved the proposal by the management of the first fully-fledged non-interest Bank in Nigeria, to trade its shares in the market to generate more capital for expansion.
With this development the bank will open windows of opportunities for numerous individuals who hitherto have desire to own shares in Jaiz Bank Plc, the Chairman of the bank Alhaji Umaru Abdul Mutallab has said.
Speaking during the meeting, Mutallab, said with the shareholders’ endorsement, the Bank’s authorized Share Capital has been sub-divided from 15, 000, 000, 000 Ordinary Shares of N1.00 each to 30, 000, 000, 000 Ordinary Shares of 50k each.
 “We are very glad at the turn out of event today, we want investors to be able to come in buy shares and equally go out by selling same whenever they want. We also want more investors both locally and internationally to participate in the Jaiz shares.”
Also speaking at the event, the Managing Director/CEO, Hassan Usman said once listed on the Nigerian Stock Exchange, existing shareholders can trade their shares while those new investors can also invest by buying the shares.
He said: “We want the general public to benefit from the bounties of profit opportunities available so that we can all grow together as one big Jaiz family. The potential are enormous. He emphasised.
“As you may be aware, few months ago the Bank’s Rights Issue of 2.9 billion ordinary shares was successfully subscribed. We call on everyone to take advantage of this opportunity to own shares in Jaiz Bank Plc.
“Our promise to shareholders is being kept with their approval to go to the market. We have over 30000 shareholders across the globe there is no better time than now to go to the market, we are not unaware of the economic situation in the country, the situation is bad today it could be better tomorrow.”