BRAC Bank has signed a Tk 400 crore preference share arrangement with DBL Group, one of the country’s largest industrial conglomerates, to support the group’s long-term financing strategy.
Under the agreement, DBL Group will issue non-convertible, cumulative, fully redeemable preference shares, with BRAC Bank acting as the lead arranger.
The deal aims to optimise DBL Group’s capital structure, lower refinancing risks, and ensure stable access to long-term funds, helping the company manage interest-rate volatility.
BRAC Bank managing director and CEO Tareq Refat Ullah Khan said the partnership reflects the bank’s focus on innovative, demand-driven financial solutions that promote industrial growth, employment, and economic development.
The signing ceremony took place at DBL Group’s head office in Dhaka on October 5 and was attended by senior officials from both organisations.
From DBL Group, chairman Abdul Wahed, vice chairman Mohammed Abdur Rahim, director Mohammed Abdul Quader, next-generation directors Mohammed Aman Abrar and Ahnaf Abed, additional general manager (accounts and finance) Md Ahsanul Islam, and head of treasury M Jakaria Chowdhury were present.
BRAC Bank was represented by managing director and CEO Tareq Refat Ullah Khan, deputy managing director Md Shaheen Iqbal, area head S M Musa, and head of structured finance Tanveer Kamal.
The collaboration underscores BRAC Bank’s growing role in structured and alternative financing, supporting large corporates in achieving sustainable expansion and strengthening Bangladesh’s financial ecosystem.
