Bank Syariah Mandiri, the Islamic unit of Bank Mandiri, is set to sell shares in an initial public offering next year, with aims to raise more than Rp 1 trillion ($103 million). BSM’s capital debut next year would make it the first Islamic lender to list on the Indonesia Stock Exchange (IDX).
“We are still working on it. More Islamic banks will undergo IPOs next year, and BSM is too,” chief executive Yuslam Fauzi said in Jakarta………………………………………..Full Article: Source