Shares of Al-Arafah Islami Bank PLC jumped 7.45% in Dhaka on Wednesday, marking the strongest single-day move in recent weeks for the lender.
The rally followed confirmation that Bangladesh Bank has restructured the bank’s board of directors, retaining existing members while adding representatives from the institution’s founding sponsors.
The central bank’s intervention aims to stabilize governance at one of Bangladesh’s largest private lenders.
By integrating sponsor representatives alongside retained directors, the regulator appears to be balancing continuity with renewed oversight from the bank’s original backers.
This structural shift is viewed positively by investors seeking clarity on strategic direction after a period of regulatory scrutiny.
The reconstituted board convened for its first meeting on Tuesday at the bank’s Dhaka headquarters.