Banking News – Miteri Development Bank Limited has announced the sale of 162,524 founder shares, offering them exclusively to its existing founder shareholders in the initial phase.

According to the bank, only current founder shareholders are eligible to apply for the shares during the first offering period. Eligible shareholders have 35 days from the date of the notice to submit their applications.

Interested applicants are required to submit their applications at the bank’s central office.

The bank stated that if the shares remain unsubscribed within the specified period, the remaining founder shares will subsequently be offered for sale to other interested individuals and institutions in accordance with applicable regulations.