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Thursday | August 13, 2026 | Dhaka

Business & Economy

Business & Economy

Abdul Kadir Molla, Chairman of of South Bangla Agriculture and Commerce (SBAC) Bank Limited, presides over its 10th Annual General Meeting (AGM) held through virtually on Sunday. The AGM approved 3.5 percent cash dividend for the year ended on December 31, 2022. Mohammed Ayub, Vice Chairman, Abu Zafar Mohammod Shofiuddin (Shamim), Engr. Md. Moklesur Rahman, Hafizur Rahman Babu, Anwar Hussain, Mohammad Nawaz, Mst. Nasima Begum, Sk. Shyedujjaman, Mohammad Nazmul Huq, Muhammad Helal Uddin, Mohammad Mahbubor Rahman, Md. Emdadul Hoque, Directors, Md. Sajidur Rahman, Professor Mohammad Moqbul Hossain Bhuiyan, Ziaur Rahman Zia, Independent Directors and Md. Mokaddess Ali, Managing Director and CEO of the bank, were present.

Business & Economy

AB Bank Perpetual Bond trading begins: AB Bank Limited participated in a Debut Trading and Ring the Bell occasion of commencement of the trading of AB Bank Perpetual Bonds at Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange PLC (CSE). The programs were held at Dhaka Stock Exchange building and Chittagong Stock Exchange PLC (Dhaka Office), according to a press release. On these occasions, agreements have been signed by KM Mohiuddin Ahmed, deputy managing director and CFO, AB Bank Limited, one with Khairul Bashar Abu Taher Mohammed, chief regulatory officer for Dhaka Stock Exchange Limited and another one with Mohammed Mahadi Hasan, CFA, chief regulatory officer for Chittagong Stock Exchange PLC on behalf of their respective organizations. Tarique Afzal, president and managing director, AB Bank Limited; M Shaifur Rahman Mazumder, managing director (Acting) of Dhaka Stock Exchange Limited; Abdul Halim Chowdhury, independent director of Chittagong Stock Exchange PLC as well as senior officials of AB Bank Limited, Dhaka and Chittagong Stock Exchange PLC were also present on the occasions. Through this event AB Bank Perpetual Bonds started its journey at Dhaka Stock Exchange Limited and Chittagong Stock Exchange PLC. Total size of the issue is Tk571 crore out of which Tk540 crore has been raised through Private Placement and the remaining Tk31 crore came through Public Issue. It is considered as the second largest perpetual bond listed with the stock exchanges after Beximco Sukuk.