Saudi-Bangladesh Industrial and Agricultural Investment Company Limited is an investment and finance company owned by the government of Bangladesh and the government of Saudi Arabia.[1]
History
In 1984, the Government of Bangladesh and the Government of Saudi Arabia signed an agreement to establish Saudi-Bangladesh Industrial and Agricultural Investment Company Limited.[2] On 24 June 1984, it was incorporated in Bangladesh.[2]
Bangladesh Bank classified 31. 46% of the outstanding loans of Saudi-Bangladesh Industrial and Agricultural Investment Company Limited as classified in 2007.[3] It was part of a syndicate of 12 financial institutions that provided 1.01 billion taka to RanksTel, a concern of the Rangs Group.[4]