The Dhaka Stock Exchange will get technical support from the Asian Development Bank (ADB) and International Finance Corporation for its demutualization.
The Dhaka Stock Exchange will get technical support from the Asian Development Bank (ADB) and International Finance Corporation (IFC) for its demutualization, The Daily Star reports. Demutualization of a bourse converts it from an entity owned by mostly brokerage-owning members into a for-profit company owned by shareholders.
It ensures sound corporate governance, alternative business models and operational efficiency. A demutualised exchange can also freely trade on the market similar to any other public company.
