MIDAS Financing to sell three commercial properties

MIDAS Financing, a non-bank financial institution (NBFI), will sell three of its commercial properties at prevailing market prices, subject to approval from shareholders and regulators.

According to a disclosure on the Dhaka Stock Exchange (DSE) today, the decision was taken at a board meeting on August 27.

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The properties include a commercial floor space on the second floor, along with eight car parking spaces, at Nahar Green Summit in Dhanmondi.

Another property is a commercial floor space on the first floor with one car parking space at Excel SM Tower in East Nasirabad, Chattogram, alongside a commercial floor space on the third floor with one car parking space at Jamil Shopping Center in Bogura.

Shares of MIDAS Financing remained unchanged at Tk 5.6 on the DSE as of 11:54 am today.

The NBFI posted a loss of Tk 89.30 crore in the first six months of 2026, up sharply from a loss of Tk 46.88 crore in the same period of the previous year, driven by higher interest expenses on deposits and borrowings, according to its financial statements.

Sponsors and directors held a 38.36 percent stake in the company as of July 31, 2026, while institutional, general, and foreign investors held the remaining shares.