22 November 2021
Millennium Information Solution Limited (MISL), the leading Islamic Banking and Finance Solution provider of the region recently held its 80th Board Meeting on Monday, November 22, 2021, where its BoD members discussed and took measures to ensure sustained growth and adequate liquidity for their expansion in the markets, local and beyond.
In this meeting, the Board members unanimously elected Mr Abdus Samad Labu as Chairman and Mr Niaz Ahmed as Vice-Chairman for the next 2-year term between 2021-23.
Mr Labu is one of the most influential business personalities in the region being at the helm of 16 different companies. Mr Labu holds the position of Chairman of the Executive Committee & Member-Shariah Board at Al-Arafah Islami Bank Ltd., Chairman for Sonali Cargo Logistics (Pvt) Ltd., Chairman at S. Alam Cold Rolled Steels Ltd. and Vice Chairman & Director-Finance at S. Alam Group, Chairman for S. Alam Power Generation Ltd., Chairman at S. Alam Cement Ltd., Chairman at S. Alam Brothers Ltd., Chairman at S. Alam Hatchery Ltd., Chairman at S. Alam Steels Ltd., Chairman for S. Alam Soyaseed Extraction Plant Ltd., Chairman at S. Alam Tank Terminal Ltd., Chairman of S. Alam Properties Ltd., Chairman at S. Alam Luxury Chair Coach Services Ltd., Chairman for Portman Cements Ltd., Chairman at Fatehabad Farm Ltd., Managing Director at Karnaphuli Prakritik Gas Co. Ltd. and Managing Director at S. Alam Power Plant Ltd. (which are all subsidiaries of S. Alam Group). He is also on the board of 7 other companies.
Mr Ahmed is a veteran business person being the Managing Director at Golden Oil Mills Ltd., Managing Director at Savoy Ice Cream Factory Ltd. and Managing Partner at Broadway Marketing Co. He is on the Board of Directors at Al-Arafah Islami Bank Ltd., ADN Telecom Ltd., AIBL Capital Market Services Ltd., Bangla Tel Ltd., BD Link Communication Ltd., Diganta Media Corp. Ltd., Islamic Commercial Insurance Co. Ltd., Jibondhara Solutions Ltd. and Southeast University (Bangladesh).