DHAKA, July 7, 2026 (BSS) - The Bangladesh Securities and Exchange Commission (BSEC) today approved the rights share offer of United Commercial Bank PLC to raise Tk 775.19 crore and cleared the draft prospectus of the Blue-Wealth First Stable Return Fund, a new close-ended mutual fund.

The approvals were given at the 919th commission meeting held at the BSEC headquarters with Chairman Masud Khan in the chair, said a press release.

Under the approval, United Commercial Bank PLC will issue 77,51,87,949 ordinary rights shares at a face value of Tk 10 each in a 1:2 ratio, allowing shareholders to subscribe to one rights share for every two existing shares they hold.

The bank will use the proceeds from the rights issue to support its regular business operations.

The commission also approved the draft prospectus and abridged version of the Blue-Wealth First Stable Return Fund, which has a target size of Tk 30 crore.

The fund's sponsor, Blue-Wealth Assets Limited, has already contributed Tk 3 crore, while the remaining Tk 27 crore will be offered to general investors through public subscription. Each unit of the fund will carry a face value of Tk 10.

Blue-Wealth Assets Limited will serve as the fund's asset manager, while Sandhani Life Insurance Company Ltd. will act as the trustee and Commercial Bank of Ceylon PLC will serve as the custodian.