BRAC Bank okays 50pc rights share
BRAC Bank Limited approved 50 percent rights share or one rights share against two shares at the rate of Tk 25 each including premium of Tk 15 for raising paid-up capital of the Bank.
The approval came at the 9th Extra-ordinary General Meeting (EGM) of the Bank held at Army Golf Garden in Dhaka Thursday, said a press release. Muhammad A Rumee Ali, Chairman of the Bank, presided over the meeting.
Shib Narayan Kairy and Dr Hafiz G A Siddiqi, Directors, Syed Mahbubur Rahman, Managing Director and CEO of the Bank and Rais Uddin Ahmad, Company Secretary and a large number of shareholders attended the EGM.
Addressing the EGM, Rumee Ali expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company.
The Daily Sun/Bangladesh/ 29th June 2012