Sunday, 21 April 2019

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Based on an MOU SABINCO was conceptualized in 1983 between two brotherly Governments of the Kingdom of Saudi Arabia and the People’s Republic of Bangladesh.

The Company was created with the objective of making investments on a commercial basis in the Industrial and Agro based Industrial fields in Bangladesh.

The Subscribed and Paid up Capital of the Company was agreed at United States Dollars (US$) 60.00 million, (Equivalent Taka 2100 million, exchange rate 1US$=Taka 35.00) equally subscribed by both the Governments.

Since 1993, the Company has been operating as a Financial Institution’s under license granted by Bangladesh Bank.