Dhaka, Aug. 20 -- Global Islami Bank PLC has decided to transfer and extend the use of its unutilised IPO proceeds, according to a disclosure made on the Dhaka Stock Exchange (DSE) website.

The bank's shareholders, at its 11th Annual General Meeting (AGM) held on last year August 19, approved two special resolutions regarding IPO fund utilisation.

These include transferring the remaining Tk 31,98,032 under 'Estimated IPO Expense' to the 'Investment in SME' head, subject to approval from the Bangladesh Securities and Exchange Commission (BSEC) and other regulators, if required.

Shareholders also approved a 24-month extension -- till November 9, 2026 -- for utilising the remaining IPO proceeds.

According to the bank's statement on IPO p...