Dhaka, Bangladesh (BBN) - Four independent directors are set to join in the Islami Bank Bangladesh Limited (IBBL) board for the next meeting, officials and bankers said.
The independent directors are founder executive president of the IBBL M Azizul Hqu, chairman of the marketing department of Chittagong University Professor Syed Ahsanul Alam, former managing director and chief executive officer of the Pubali Bank Limited Helal Ahmed Chowdhury and director general of the Islamic Foundation Shamim Mohammad Afzal.
The central bank of Bangladesh on Thursday gave approval for appointment of the directors for the IBBL board, a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
The Bangladesh Securities and Exchange Commission has already given similar clearance in this connection, an IBBL official said.
He also said the directors are now eligible to attend the next board meeting.
On the other hand, more directors might be elected among the IBBL shareholders in the next AGM (annual general meeting), which is scheduled to be held on June 2.
The number of new shareholder directors yet to be finalized but there is a scope to elect fresh directors among the shareholders, a senior banker familiar with the development told BBN in Dhaka.
He also said a Chittagong-based group of companies has already bought around 8.0 per cent shares of the IBBL from the market in this connection.
“Three shareholder directors may be elected from the group,” the banker hinted.
BBN/SSR/AD