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ABG Ltd gets approval as CSE strategic partner

  • Staff Correspondent
  • 26 November, 2022 12:00 AM
  • Print news
ABG Ltd gets approval as CSE strategic partner
Chittagong Stock Exchange (CSE) Chairman Asif Ibrahim speaks at the sixth extraordinary general meeting of the CSE at its head office in Chattogram on Thursday. The meeting approves a proposal making ABG Limited the strategic partner of the bourse. —sun Photo

Shareholders of Chittagong Stock Exchange (CSE) have approved a proposal making ABG Limited strategic partner of the bourse.

The approval was made at the sixth extraordinary general meeting of the CSE held at its head office in Chattogram on Thursday.

Earlier on November 20, ABG Limited, a sister concern of Bashundhara Group, signed an agreement with the CSE to become its strategic partner.

Following the signing of the agreement, ABG Limited is now the owner of 25 percent shares of CSE.

With this, a Bangladeshi company became a strategic partner of any bourse for the first time in the history of the country’s capital market through fulfilling all the necessary regulatory compliances.

Beside, the CSE shareholders approved a 5 percent cash dividend for investors at the 27th annual general meeting held at the same time with CSE Chairman Asif Ibrahim in the chair.          CSE acting Managing Director Ghulam Faruque, CSE Risk and Audit Committee Chairman Liaquat Hossain Chowdhury, independent directors Salamat Ullah Bhuiyan, Sohail Mohammed Shakoor, shareholder directors Siddiqur Rahman, Mohammed Mohiuddin and Rezaul Islam, and company secretary Rajib Saha were present on the occasion.