News Briefs(04-03-2019)

'SEML FBLSL Growth Fund' makes debut today
Trading of the units of 'SEML FBLSL Growth Fund,' a closed-end mutual fund, will commence on both bourses today (Monday) under 'A' category. Trading code for the growth fund is "SEMLFBSLGF" on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), according to separate disclosures on Sunday. SEML FBLSL Growth Fund will be the 38th listed mutual fund on the Dhaka bourse. The mutual fund sector accounts for 1.0 per cent of the prime bourse's total market capitalisation. The securities regulator - Bangladesh Securities and Exchange Commission (BSEC) gave consent to the 'SEML FBLSL Growth Fund' for raising capital from the capital market on November 04, 2018. The total size of the 10 years tenure growth fund is Tk 1.0 billion. Of the fund's total size, Tk 100 million was financed by FBL Securities Limited, the sponsor of the mutual fund, and Tk 350 million was collected through pre-IPO placement. Remaining Tk 550 million was collected through initial public offering (IPO) from general investors. The face value of the fund is Tk 10 each. — FE Report

Saad Jashim

BAT Bangladesh appoints new HR Head
British American Tobacco Bangladesh has appointed Saad Jashim as the Head of Human Resource. Saad started his career in BAT Bangladesh as a Territory officer in Marketing in 2006 and has subsequently moved to Human Resource in 2008. He brings in 13 years of experience in diverse set of roles in HR covering Industrial Relations, Business Partnering and Talent & Organizational Effectiveness. Prior to taking his role in Operations HR, Saad has performed as Business Partner across the business in Leaf, Corporate Functions and Marketing. From 2013 to 2015, Saad also did the role of Regional Organizational Effectiveness Manager in the Asia Pacific Region. — Statement