Sunday, 21 April 2019

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Welcome to the Frontpage

Saudi Bangladesh Industrial and Agricultural Investment Company Limited, popularly known by its acronym SABINCO, is a joint venture Industrial Finance and Investment Company owned by the Governments of Saudi Arabia and Bangladesh, established in June 1984 with it’s headquarter in Dhaka. The company commenced operation in 1986. In 1993 Bangladesh Bank (Central Bank of Bangladesh) granted the company's license as a Non-Banking Financial Institution (NBFI).

The objectives of the company are to make investment in manufacturing, agro-processing , infrastructure and utility service projects/industries in Bangladesh on a commercial basis through loans and equity participation.

The company has a paid up capital of USD 60 million with following shareholding.

Government of the Kingdom of Saudi Arabia

- 50%

Government of the People's Republic of Bangladesh

- 50%

The company has a six-member Board of Directors to which the Government of Saudi Arabia nominates the Chairman and two members, while the Deputy Chairman and two other members are nominated by the Government of Bangladesh.

SABINCO offers both loan and equity based products and it also acts as financial intermediary and advisor. SABINCO has promoted large number of medium and large scale industrial projects in manufacturing, agrobased and infrastructure sectors some of which were first of its kind in Bangladesh and created more than 14,000 new jobs. SABINCO played a pioneering role in Bangladesh economy by creating new industrial subsectors like Agricultural, Chemicals, Cement, Electronics and Electrical, Food and Beverage, Glass and Ceramics, Iron Steel and Engineering, Pharmaceuticals, Power, Textiles, Telecom and IT Sectors.