The Ethiopian Capital Market Authority (ECMA) has approved the registration of securities issued by Dashen Bank S.C., in line with Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024.
In a public notice issued by the Authority, ECMA confirmed that on December 24, 2025, it approved Dashen Bank’s Registration Statement and registered a total of 16.54 million shares.
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This includes 14.34 million shares already held by existing shareholders, as well as 2.21 million new shares approved for issuance. The newly registered shares will first be offered to existing shareholders in proportion to their current holdings. Any shares not taken up through this process may subsequently be offered to qualified investors and, potentially, to the public.
ECMA emphasized that the announcement is strictly for disclosure purposes and should not be interpreted as an offer to sell or a solicitation to buy securities. The registration is part of the regulatory requirements mandating that all securities offered or sold to the public be registered with the Authority, unless expressly exempted.
The approval marks another step in Ethiopia’s ongoing efforts to formalize and regulate capital market activities as the country prepares for broader public participation in securities trading.
