Momentum for New Investors to Enter Bank Aladin

By Editorial Team 11/05/2022
digital banking concept
Summary

PT Bank Aladin Syariah Tbk (BANK) plans to raise money by offering pre-emptive rights, or rights issue, for a maximum of 1.99 billion new shares, equivalent to 11.12 percent of the company's issued and fully paid-in capital after the corporate action.

The exercise price for the new shares is Rp 2,000, so Bank Aladin potentially gains Rp 3.99 trillion in proceeds from the corporate action. Based on the disclosure filing on Tuesday, PT Aladin Global Ventures as the Company's Major Shareholder, which owns 7.98 billion Bank Aladin shares, will not exercise its rights. This opens up the possibility of new shareholders, including retail network manager PT Sumber Alfaria Trijaya Tbk (AMRT) and insurtech giant ZA Tech Global Limited.

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