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IDCOL & BRAC UNIVERSITY SIGNED TERM LOAN FACILITY OF BDT 450 CRORE

Dhaka Jan 18, 2023 (PR) - Infrastructure Development Company Limited (IDCOL) and BRAC University has sing term loan facility agreement today at BRAC Center. Under this Facility, BRAC University will avail long-term financing of up to BDT 450 crore from IDCOL for construction of its new campus located at Badda, Dhaka.

Mr. Alamgir Morshed, Executive Director & CEO, IDCOL and Ms. Tamara Hasan Abed, Chairperson, Board of Trustees, BRAC University, signed on behalf of their respective organizations. Mr. Nazmul Haque, Chief Investment Officer, IDCOL, Mr. Mohammed Zahidul Haque, Sr. Vice President & Unit Head (Industrial & Energy Efficiency Finance), Mr. Ariful Islam, Chief Financial Officer, BRAC University, Prof. Mahboob Rahman, Treasurer, BRAC University, amongst others, were present in the occasion.

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