National bank, Bank of Maldives (BML) has started providing assistance to Centurion Plc – the first private Maldivian company to go public – in its Initial Public Offering (IPC).
BML signed as collecting bank for Centurion Plc this Thursday morning.
Shares of Centurion have been made available to public starting 9 am, and BML has made share purchase facilities available via an online portal.
Corporate Banking Director of BML, Kuldip Paliwal said that it was a pleasure for the bank to be able to assist Centurion Plc in the milestone for the company.
Paliwal said that going public was an important step taken by Centurion to generate money for its goal of further expansion. He said that the stock market was a vital component both for individual businesses and the economy as a whole.
Centurion is one of the country’s largest shipping and logistics companies.
BML has 29 branches in 20 atolls, 76 ATMs, 3,900 POS merchants, 177 cash agents, 16 self-serving banking centers, five marine banking units, and provides modern online banking services.