Al-Arafah Islami Bank Limited (AIBL) has signed an investment agreement of Tk 500 crore with the country’s leading five-star quality hotel service provider Unique Hotel & Resorts Ltd.
Managing Director and CEO of AIBL Farman R Chowdhury and Managing Director of Unique Hotel and Resorts Ltd Mohd. Noor Ali signed the agreement on behalf of their respective organizations at Sheraton Dhaka on Tuesday.
AIBL Chairman Alhajj Salim Rahman, Vice Chairman Alhajj Abu Naser Md Yeahea, Directors Alhajj Abdus Samad Labu, Alhajj Mohammad Abdus Salam, Badiur Rahman, Alhajj Mahbubul Alam, Hafez Alhajj Md Enayet Ullah, Alhajj Ahamedul Hoque, Alhajj Niaz Ahmed, Alhajj Mohammad Emadur Rahman, Alhajj Liakat Ali Chowdhury, Alhajj Md Anowar Hossain, Alhajj Md Harun-Ar-Rashid Khan, Alhajj Md Rafiqul Islam, Alhajj Md Amir Uddin PPM and senior executives of the bank were present at the agreement signing ceremony.
Adviser of Unique Group Dr Khondaker Showkat Hossain, Directors of Unique Hotels & Resorts Ltd Gazi Md Shakhawat Hossain, Mohammad Golam Sarwar FCA, CEO Trust Syed Sanowarul Hoque, Director Regulatory Affairs & Company Secretary Md Sharif Hasan FCS, Director Corporate Finance Riad Hossain and Senior Executive Vice President of AIBL Motijheel Branch SM Kowsar were also present on the occasion.
Unique Hotel & Resorts Ltd, the owner of The Westin Dhaka- a five star hotel in Bangladesh, started its commercial operation on July 1, 2007.
It is a sister concern of Unique Group, one of the largest conglomerate and foremost diversified business entities in Bangladesh.
Its journey started in the early 1980s, and over the years, it has diversified into many new businesses sectors in order to meet the needs of the stakeholders, while contributing significantly to the economy.
The businesses of the conglomerate include human resource development & export organization, aviation, hospitality, energy & power sector, private economic zone, bank, insurance, non-banking financial sector, real estate, construction & infrastructure development, telecommunication, stock brokerage house, ceramics industry, educational institutions, agro, health care, and media & publications.
The Institute of Chartered Secretaries of Bangladesh (ICSB) recognised Unique Hotel and Resorts Limited for good corporate governance based on the evaluation criteria set by the institute.
