March 12, 2020 || SIBL engages Alpen Capital to arrange fund for OBU
Social Islami Bank Limited and the UAE based investment banking advisory firm Alpen Capital (ME) Ltd. have signed an agreement recently at the Head Office of SIBL. Mr. Quazi Osman Ali, Managing Director & CEO, Mr. Kazi Towhidul Alam, Additional Managing Director, Mr. Md. Sirajul Hoque, Deputy Managing Director, Mr. Abdul Hannan Khan, Company Secretary and other officials of SIBL were present in the signing Ceremony. Mr. Md. Akmal Hossain, Executive Vice President of SIBL and Mr. Hameed Noor Mohamed, Executive Director of Alpen capital have signed and exchanged the agreement on behalf of their respective organization. Under the agreement, Alpen Capital will act as the exclusive financial advisor in raising up to USD 100 million for the Offshore Banking Unit (OBU) of SIBL.