Jaiz Bank Plc, Nigeria’s first non-interest commercial bank, has secured the approval of the council of the Nigerian Stock Exchange (NSE) to list its entire issued share capital on the exchange.
A regulatory approval obtained by Daily Trust indicates that the Quotation Committee, which oversees listing at the exchange, has approved application for the listing of the shares of Jaiz Bank on the NSE.
Jaiz Bank will be listing a total of 29.46 billion ordinary shares of 50 kobo each at N1.25, indicating a start-off market capitalisation of N36.83 billion.
Finmal Finance Services Limited, Kundila Finance Services Limited and Inverness Wealth Management Limited, three investment firms, are said to be working with the board of Jaiz Bank to facilitate the listing.
