Brac University signs Tk450cr loan facility with IDCOL
Brac University held a signing ceremony with Infrastructure Development Company Limited (IDCOL) on 18 January at Brac Centre, Mohakhali, for a long-term loan facility.
Under this facility, Brac University will avail long-term financing of up to Tk450 crore from IDCOL for construction of its new campus located in Badda, Dhaka, said a press release.
Alamgir Morshed, executive director & CEO, IDCOL and Tamara Hasan Abed, chairperson, Board of Trustees, Brac University, signed on behalf of their respective organisations.
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Nazmul Haque, chief investment officer, IDCOL, Sr Vice President & Unit Head (Industrial & Energy Efficiency Finance) Mohammed Zahidul Haque, Ariful Islam, chief financial officer, Brac University, Prof Mahboob Rahman, treasurer, Brac University were present on the occasion among others.
