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Saturday | September 19, 2026 | Dhaka

Basis, PBIL for facilitating access to capital market for ICT sector

 New Nation
 Published: 12:00 AM, 07 December 2023

Business Desk  :
The Bangladesh Association of Software and Information Services (Basis), the leading trade body of the ICT industry, and Prime Bank Investment Limited (PBIL), a leading investment bank, have joined forces to catalyze access to the capital market for ICT sector of Bangladesh.
This initiative, unveiled on December 5 at the BASIS premises, marks a pivotal moment as both organizations commit to trend-setting initiatives aimed at facilitating ‘Access to Capital Market’ for Basis members.
The MoU, exchanged in the presence of leaders including Russell T. Ahmed, president, Basis, Hashim Ahmed, secretary, Basis, Syed M Omar Tayub, managing director & CEO, PBIL, and Khandoker Raihan Ali, chief operating officer, PBIL, signifies a powerful synergy between the premier ICT body and the distinguished investment bank.
Prime Bank Investment Limited (PBIL), a fully-fledged Investment Bank and a subsidiary of Prime Bank PLC, is set to provide bespoke advisory services to Basis member companies under this agreement. As a frontrunner in the investment banking landscape, PBIL will extend its expertise in Fund-raising through equity and debt capital, corporate advisory, and portfolio management services for stock market investment.
Syed M Omar Tayub, managing director & CEO of Prime Bank Investment Limited, said: “This is part of our broader initiative of Industry Alliance through which we aim to cater to more industry verticals.