The stock market regulator has identified 15 state-run and multinational companies, in which the government holds a stake, for potential listing on the stock exchange in a bid to restore investor confidence.
The companies are: Unilever Bangladesh, Karnaphuli Fertilizer, Synovia Pharma PLC (formerly Sanofi Bangladesh), Novartis Bangladesh, Syngenta Bangladesh, Nestlé Bangladesh, Pashchimanchal Gas Company, North-West Power Generation, B-R Powergen, Sylhet Gas Fields, Barapukuria Coal Mining Company, Jalalabad Gas Transmission and Distribution, Karnaphuli Gas, Sadharan Bima Corporation, and Jiban Bima Corporation, the Bangladesh Securities and Exchange Commission (BSEC) said in a statement.
Abul Kalam, a spokesperson for the BSEC, said the direct listing of stocks of multinational and state-run companies will make them available to investors.
With the listing, it will be ensured that investors have access to quality stocks, he added.
Industries Secretary M Obaidur Rahman, Financial Institutions Division Secretary Nazma Mobarek, and BSEC Chairman Khondoker Rashed Maqsood were present at the event.
There are currently 397 companies listed on the stock market.
