South Asia Insurance Company signs agreement with Prime Finance Capital Management

An agreement was signed between South Asia Insurance Company Limited (SAICL) and Prime Finance Capital Management Limited (PFCML) on 24 September 2024 for managing the forthcoming IPO of the company.

PFCML will act as the Issue Manager of the proposed issue, according to a media release. 

The agreement signing ceremony was attended by Mr. Muhammad Nurul Alam Chowdhury, Chief Executive Officer, Mr. Md. Bakir Murshid, Additional Managing Director, Mr. Md. Anwar Hossain, Chief  Financial Officer and Mr. Faruque Ahmed, Company Secretary of SAICL.

On behalf of the Issue Manager Mr. Md. Rezaul Haque, Managing Director, Mr. Abdul Mannan FCA, Chief Financial Officer, and Mr. Mohammad Rajibul Islam, Head of Issue Management PFCML, were also present at the signing ceremony.

SAICL is desirous to raise capital to fulfill its regulatory requirements and business expansion purpose, the release adds.