BRAC Bank, DBL Group sign Tk 4.0 billion preference shares arrangement deal

BRAC Bank has signed a BDT 400 crore (Tk 4.0 billion) arrangement deal with DBL Group, one of Bangladesh’s largest and most diversified conglomerates, through the issuance of non-convertible, cumulative, fully redeemable Preference Shares. BRAC Bank will act as the Lead Arranger for the transaction.

The financing initiative forms part of DBL Group’s broader strategy to optimise its capital structure, reduce refinancing risks, and secure long-term financial sustainability. This innovative structure will help DBL Group mitigate interest-rate volatility and access a more stable, long-tenor source of capital.

Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said, “This partnership exemplifies our commitment to delivering forward-looking, demand-driven, innovative and timely financial solutions for Bangladesh’s leading corporates. Through structured finance, BRAC Bank is helping large businesses achieve long-term resilience and sustainable growth. The financing facility serves as a catalyst for industrial growth, job creation, and the economic progress of the country.”

The signing ceremony was held at DBL Group’s Head Office in Dhaka on October 5, 2025 and attended by senior leadership from both organisations. From DBL Group, Abdul Wahed, Chairman; Mohammed Abdur Rahim, Vice Chairman; Mohammed Abdul Quader, Director; Mohammed Aman Abrar and Ahnaf Abed, Next-Generation Directors; Md. Ahsanul Islam, Additional General Manager, Accounts and Finance; M Jakaria Chowdhury, Head of Treasury; attended the ceremony.

From BRAC Bank, Tareq Refat Ullah Khan, Managing Director and CEO; Md. Shaheen Iqbal CFA, Deputy Managing Director and Head of Treasury, FI, Corporate and Institutional Banking; S M Musa, Area Head-2, and Tanveer Kamal, Head of Structured Finance from the Corporate and Institutional Banking; were present.

The partnership reflects BRAC Bank’s continued focus on structured and alternative financing solutions, supporting large corporates in achieving sustainable growth while fostering financial stability across Bangladesh’s corporate sector.