Luanda - Angolan Investment Bank (BAI) today became the first Angolan company to be listed on the stock exchange, allowing any national or foreign citizen interested in buying shares in the bank to give their purchase order.
With the sale, via the stock exchange, via a public offering, the state sold 1,945,000 shares it held in BAI, equivalent to 10% of the total, held via public companies Sonangol (8.5%) and Endiama (1.5%).
With this process, any BAI shareholder, old or new, who is interested in the offer price, can sell their shares via Bodiva, while those interested in buying must contact a financial intermediary, bank or broker, in order to be able to give their order or make a proposal to buy on the stock exchange.
The process of listing via the stock exchange is almost eight years behind schedule.
At the time, the chairman of BAI's executive committee, Luís Filipe Lélis, considered the creation of the legal and regulatory framework to be fundamental.
"(...) today we have made history, which is intrinsically linked to the development of our country and encompassed various periods, each with distinct characteristics and with a crucial impact on the implementation of the Angolan Capital Market," he said.
He noted that BAI was the first private bank with national capital to be set up in Angola, having been born of the conviction and will of a group of investors interested in participating actively in national economic life, as a reflection of the strong commitment to the country's development.
He also noted that it was the first financial institution to move forward with a process of opening up its capital on the stock exchange, contributing to boosting the country's capital market.
"That action will allow the country to meet a number of strategic designers, from generating future benefits, brand visibility and maximising credibility and attracting investment, as well as our consolidation as a pioneering and innovative bank," he said.
He assured the continued improvement of the prospects for expansion and growth of the bank's business, while also being aware of the new responsibilities, which brings greater exposure and growth, and must continue to comply with the legal and regulatory framework.
The Chairman of the Executive Committee (CEO) of BODIVA, Walter Pacheco, said that the process was successful, despite not being easy.
