MIDAS Financing Limited
| Formation | 1995 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
| Website | www |
MIDAS Financing Limited is a major non-bank financial institution in Bangladesh.[1] [2]
History
[edit ]MIDAS (Micro Industries Development Assistance and Services) Financing Limited was established on 16 May 1995.[3] [4] It provided financial support to small women entrepreneurs to establish minimart.[5]
On 11 October 1999, Midas secured permission from Bangladesh Bank.[3]
MIDAS Financing Limited listed on Dhaka Stock Exchange and Chittagong Stock Exchange on 26 October 2002 and 27 July 2004 respectively.[3] From 23 March 2005, it shares used the Central Depository Bangladesh Limited.[3]
Small and Medium Enterprise Foundation gave a loan of 50 million taka to MIDAS Financing Limited on 18 May 2012 to provide loans to small and medium enterprises.[6]
MIDAS board member Mirza Ali Behrouze Ispahani died in 2017.[7] MIDAS Financing Limited launched MIDAS Investment Limited in January 2017 as a merchant bank.[8]
Parveen Mahmud, chairperson of MIDAS Financing Limited and Underprivileged Children's Educational Programme, was made a trustee of Transparency International Bangladesh in 2018.[4]
On 3 April 2019, Mohammed Nasir Uddin Chowdhury was elected chairman of the board of directors of MIDAS Financing Limited.[9] Mustafizur Rahman was appointed Managing Director.[10] ERA InfoTech signed an agreement with MIDAS to provide IT services to the company.[11] It provided 2.5 percent dividend in 2019.[12] It held a fair for products of small and medium enterprises at the MIDAS Convention Centre in Dhanmondi.[13]
In 2020, MIDAS Financing Limited sponsored campus club summit in partnership with The Daily Star.[14] It declared a 2.5 percent cash and stock dividend.
Midas Financing Limited repointed Mustafizur Rahman Managing Director in 2022.[15] The Business Standard wrote how none bank financials institutions, such as MIDAS, were charging high interest rates on their loans as they were offering high interest rate to depositors.[16]
Board of directors
[edit ]Source:[17]
- Rokia Afzal Rahman
- Abdul Karim
- Ali Imam Majumder
- M. Hafizuddin Khan
- Mohammed Nasir Uddin Chowdhury
- Md. Shamsul Alam
- Md. Shahedul Alam
- Gulam Rahman
- Nazneen Sultana
- Mustafizur Rahman
Subsidiaries
[edit ]- MIDAS Investment Limited[3]
References
[edit ]- ^ "Mustafizur re-appointed as MIDAS Financing MD". New Age. Retrieved 2022年07月07日.
- ^ "What's causing a rapid rise in non performing loans?". Dhaka Tribune. 2022年04月18日. Retrieved 2022年07月07日.
- ^ a b c d e "About MFL". mfl.com.bd. MIDAS Financing Limited. Retrieved 7 July 2022.
- ^ a b "Parveen Mahmud becomes TIB trustee". The Daily Star. 2018年06月08日. Retrieved 2022年07月07日.
- ^ Rahman, Md Fazlur (2011年03月31日). "Women entrepreneurs set success in motion". The Daily Star. Retrieved 2022年07月07日.
- ^ "SME Foundation, Midas Financing sign Tk 5cr deal". The Daily Star. 2012年05月18日. Retrieved 2022年07月07日.
- ^ "Ispahani Group chairperson passes away". The Daily Star. 2017年01月24日. Retrieved 2022年07月07日.
- ^ "MIDAS Investment sets foot to boost stockmarket". The Daily Star. 2017年01月23日. Retrieved 2022年07月07日.
- ^ "MIDAS Financing gets new chairman, MD". The Daily Star. 2019年04月03日. Retrieved 2022年07月07日.
- ^ "Mustafizur joins as MIDAS Financing MD". New Age. Retrieved 2022年07月07日.
- ^ "ERA InfoTech to provide Software Solutions to MIDAS Financing". The Daily Star. 2019年02月28日. Retrieved 2022年07月07日.
- ^ "MIDAS approves 2.5pc stock dividend for 2018". The Daily Star. 2019年07月26日. Retrieved 2022年07月07日.
- ^ "MIDAS holding SME Product Fair in Dhaka". The Daily Star. 2019年03月23日. Retrieved 2022年07月07日.
- ^ Tahsin, Sadia (2020年11月07日). "Mahfuz Anam on the importance of extracurricular activities". The Daily Star. Retrieved 2022年07月07日.
- ^ "Mustafizur Rahman re-appointed as managing director of Midas Financing Limited". The Business Standard. 2022年06月22日. Retrieved 2022年07月07日.
- ^ "How NBFIs charging extra interest on loans flouting agreements". The Business Standard. 2022年05月01日. Retrieved 2022年07月07日.
- ^ "MIDAS Financing Limited". www.mfl.com.bd. Retrieved 2022年07月07日.
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