Jakarta - PT Bank Aladin Syariah Tbk plans to issue new shares in addition to capital without giving pre-emptive rights of 1.377 billion shares or a private placement of 10% of the issued and fully paid capital.

Based on the company's prospectus released on Friday (6/24), the Extraordinary General Meeting of Shareholders will be held on July 29, 2022, to seek approval from independent shareholders regarding the private placement plan.

This private placement plan is carried out to increase the company's business activities, so it considers it necessary to strengthen the capital structure to develop its business.

Meanwhile, the proceeds from the private placement will be used to increase working capital in the context of the company's business expansion.

If the private placement has been carried out, the total cash and cash equivalents of Bank Aladin Syariah will increase by 9.89% to Rp1,530 trillion from Rp1,393 trillion. Assets wil