7 SIBL directors resign | 2017-11-15 | daily-sun.com

7 SIBL directors resign

Staff Correspondent     15 November, 2017 12:00 AM printer

Seven directors of Social Islami Bank Limited (SIBL) have resigned their posts as part of changes in the board of directors.


The changes came following Monday’s board meeting of the privately-run bank, sources said.


Four of the directors were independent and three others were from among shareholders of the bank, they added.


The resigning independent directors are M Abdur Rahman, Abdul Mohit, AFM Asaduzzaman and Muinul Hasan. The names of three others could not be known immediately.


SIBL Chairman Anwarul Azim Arif told the media on Tuesday that seven directors have tendered their resignation on personal grounds.


Nine new directors — seven independent and two from among shareholders – have been appointed to the bank, he added.


The SIBL started bringing a major change to its board of directors and top management on October 30.


Earlier, SIBL Chairman Md Rezaul Haque, Executive Committee Chairman Md Anisul Hoque and Managing Director Shahid Hossain resigned their posts.


The bank has named new board chairman, executive committee chairman and managing director after S Alam Group took over 50 percent stakes in the bank.


Former Chittagong University Vice-Chancellor Anwarul Azim Arif and NRB Global Bank Vice-Chairman Belal Ahmed have been appointed new chairman and executive committee chairman of the bank’s board respectively.


Besides, Additional Managing Director of First Security Islami Bank Quazi Osman Ali has been appointed SIBL managing director.