Ahsanul Alam has been elected as the chairman of Board of Directors of Islami Bank Bangladesh Limited (IBBL).
The decision to elect a chairman was taken at the 324th meeting of the Board of Directors of the bank on Monday, said a media release signed by Nazrul Islam, senior vice president of the bank.
Also: Tk 30,000cr loan from Islami Bank: HC asks S Alam Group to explain reports
Ahsanul is the son of Saiful Alam, chairman of S Alam Group, which has controlled IBBL since 2017.
After completing Bachelor's degree from University of Bradford and Master’s in Business Administration (MBA) from Edinburgh Napier University, United Kingdom, he performed duty as chairman of the Board of Directors of Union Bank Limited.
Also read: Scam-hit Islami Bank earns operational profit in 2022, Basic Bank reports loss
Currently he is the chairman of Hasan Abasan (Pvt.) Limited, S Alam Group's flagship real estate company based in Chattogram, and managing director of a number of other companies controlled by the group, including Artsy Holdings Limited, Shining Assets Limited, Affinity Assets Limited, Wesco Limited, Marina Assets Limited and Kraft Holding Company Limited.
Also read: BB disburses Tk 4000 crore as liquidity support to 5 Islami banks
He is also a director of SS Power-I Limited, the country's largest privately-owned thermal power plant located in Banshkhali. Ahsanul is a prominent businessman in the textile, garment and trading sectors.
Also read: Scam-hit Islami Bank earns operational profit in 2022, Basic Bank reports loss
He has already been conferred with the highest taxpayer from Chattogram award twice.