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FDH upbeat on its listing plans

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LUSINJE—We will proceed as planned

FDH Bank has said it remains upbeat to list on the Malawi Stock Exchange (MSE) by June this year.

Last year, the bank announced that it will be listing on the MSE by June.

The bank’s Public Relations Officer, Lorraine Lusinje, said the bank is still optimistic that it will list as planned amid challenges facing the operating environment.

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“We are proceeding with the June target but the situation will be continuously reviewed in light of Covid-19,” she said.

She added that currently, the preparations for the plans are at an advanced stage.

“We have submitted all the necessary documentation through the transaction advisor and are finalising with the Malawi Stock Exchange. Once we have approvals from MSE, we can then communicate to the general public,” Lusinje said.

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One of the conditions for buying the then government owned MSB was that FDH Financial Holdings would list on the local bourse.

FDH’s listing would bring number of counters on the stock market to 16.

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