First Security Islami Bank Limited and BD Finance Capital Holdings Limited (a subsidiary of Bangladesh Finance Limited) signed a Memorandum of Understanding (MoU) at FSIBL head office in the capital on Monday.
First Securities Islami Bank has informed that the Board of the Directors has recommended to raise paid-up capital of the company through issuance of rights share at a ratio of 1R:2 i.e. 1 for every 2 ordinary shares of Tk 10.00 each for entitlement rights share at an issue price of Tk 10.00 per share subject to the approval of the regulatory authority.
BD Finance Capital Holdings Limited will be the issue manager of the rights issue. In presence of Syed Waseque Md Ali, Managing Director, Md. Mustafa Khair, Additional Managing Director, Md. Zahurul Haque, Deputy Managing Director, Oli Kamal, FCS, Company Secretary of First Security Islami Bank, Kyser Hamid, MD and CEO of Bangladesh Finance Ltd, Barun Prasad Paul, MD and CEO BD Capital, Sumit Podder, Head of Structured Finance and Amitav Deb Nath, Head of Finance of Bangladesh Finance Ltd. were present.