IFIC Bank shareholders approve proposal of revised rights issue

IFIC Bank Limited shareholders have approved the proposal of revised rights issue of the bank at one right share for five existing shares.

They approved the proposal at a virtual extra-ordinary general meeting (EGM) held at 11am on Thursday.

Salman Fazlur Rahman, chairman of the board of directors of the bank, a member of the parliament and Private Sector Industry and Investment Adviser to the Prime Minister, presided over the meeting

Among others, IFIC Bank Vice Chairman Ahmed Shayan Fazlur Rahman, Directors Rabeya Jamali, ARM Nazmus Sakib, Anwaruzzaman Chowdhury, Quamrun Naher Ahmed, and Md Zafar Iqbal, Managing Director and CEO M Shah Alam Sarwar and Company Secretary Md Mokammel Hoque, also attended the meeting.