Meghna Group inks consortium loan deal

A loan agreement signing ceremony between Meghna Sugar Refinery Ltd., an enterprise of Meghna Group of Industries, and a lenders' consortium of DEG, FMO, OeEB and ICD was held in the city recently. Eastern Bank Limited (EBL) is the facilitator, security agency and accounts bank of this agreement. Mosafa Kamal, Chairman & Managing Director of Meghna Group of Industries, Dr. Hubertus Pleister, Director & Head of Corporate Asia, DEG, Steven Duyverman, Manager and Head, FMO Agribusiness Asia, FMO, Ahmed Al-Akwaa, Division Head, Portfolio & Follow up, ICD and Ali Reza Iftekhar, Managing Director & CEO, EBL signed the agreement on behalf of their respective companies. Md. Abul Kalam Azad, Principal Coordinator (Prime Minister's Office), was present as chief guest while Paban Chowdhury, Executive Chairman of BEZA, as special guest. Peter Fahrenholtz, German Ambassador to Bangladesh, was also present. Around 4,000 tonnes of sugar will be produced in the sugar refinery in Meghna Economic Zone at Meghnaghat. Liquid and invert sugar will be produced in this plant for the first time in Bangladesh. - Statement