Akij Bakers, IDLC Investments Sign 203.6Crore Syndicated Loan Agreement1 min read
Akij Bakers Limited has recently entered into a syndicated loan agreement with IDLC Investments Limited, securing Tk203.6 crore in financing on October 30. This capital injection will fund the acquisition of machinery and equipment to fuel Akij Bakers’ expansion, propelling the company’s steady growth.
Known for producing an extensive range of high-quality bakery products, including bread, biscuits, and chips, Akij Bakers is poised to enhance its production capabilities through this investment.
The agreement was signed by Sk Jamil Uddin, Managing Director of Akij Bakers Limited, and Mesbah Uddin Ahmed, Managing Director (CC) of IDLC Investments Limited, representing their respective organizations. Senior officials from both companies were also present to witness the signing ceremony.
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