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IPDC of Bangladesh limited signed a tripartite agreement with Associated Builders Corporation Limited (ABC) and Pride Limited. Mominul Islam, Managing Director and CEO of IPDC of Bangladesh limited signed the agreement with Subash Chandra Ghosh, Chairman, Associated Builders Corporation Limited (ABC) and Md. Abdul Momen, Director, Pride Limited. Rizwan D Shams, Head of Corporate Investments of IPDC along with the senior officials of the abovementioned companies were present at this occasion.
IPDC of Bangladesh Limited opened its Dhanmondi branch at a new location at Navana GH Heights (11th Floor), 67, Satmasjid Road, Dhanmondi R/A, Dhaka- 1209. Distinguished guests, customers, Mr. Mominul Islam, Managing Director and CEO; Mr A F M Barkatullah, Deputy Managing Director of IPDC and other directors of the company were present at the grand opening ceremony.
A Letter of Agreement was signed between IPDC of Bangladesh Limited and Election Commission Bangladesh whereby, IPDC will get the facility of NID verification. Mr. Mominul Islam, Managing Director and CEO; Mr A F M Barkatullah, Deputy Managing Director of IPDC and Mr. Syed Mohammad Musa, Director (Operations), NID registration Division, Election Commission Secretariat and Brigadier General Sultanuzzaman Md. Saleh Uddin, Director General, Wing of the National Identity Register were present at the signing ceremony along with other senior officials.
Profit goes up by 45%, 20% stock dividend announced
IPDC has unveiled an ambitious agenda in the next 5 years during its 34th Annual General Meeting held on 30 March,2016 under the new ownership.The new Chairman Dr. Muhammad Musa, who is also the Executive Director of BRAC, said that in spite of trying macro level economic condition, the company’s profit went up by 45% to 240 million taka. “With a new 5-year strategy in place, IPDC hopes to grow rapidly promising both social and economic impact with its work under the new ownership structure”, said Dr. Musa in his inaugural speech as the Chairperson of IPDC. With an upbeat outlook, IPDC declared a 20 percent stock dividend for the year 2015, which was approved by the shareholders.
The meeting was attended by a large number of shareholders where thenew growth strategy for the company was unveiled. IPDC’sfocuswill now be to evolve as a value based financial institution supporting people to create stories through generating employment, promoting low cost housing for every family, empowering women andby reaching beyond mega cities.
Amongst others the meeting was also attended by the Board of Directors who represented the majority shareholders BRAC, Aga Khan Foundation, Government of Bangladesh and RSA Capital. Mr. Mominul Islam, Managing Director and CEO, Mr. Samiul Hashim, Company Secretary and other senior officials of the Management Committee of the company were also present.