ECMA registered 15 million existing Bank of Abyssinia shares with the authority’s registry.
3.125 million new shares approved for issuance via rights offer.
Registration follows Directive No.1030/2024 requiring public securities to be registered.
ECMA emphasized notice is for public information, not a sales offer.
Move aligns Bank of Abyssinia with Ethiopia’s evolving capital market regulations.
Why it matters:
This registration formalizes Bank of Abyssinia’s compliance with Ethiopia’s capital market framework and regulatory requirements, paving the way for future market participation. Clear compliance improves investor confidence and supports the growth of Ethiopia’s emerging securities market.