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Meet the Press - May 20, 2013

Rakeen Development Company (BD) Ltd. Signs MOU with IDLC Finance Limited
to Facilitate Property Purchase

Rakeen Development Company (BD) Ltd., an internationally renowned property Development Company and IDLC Finance Limited, Bangladesh's largest non-banking financial institution signed a Memorandum of Understanding (MOU) in Dhaka on December 19, 2012.

Under the MOU, IDLC will provide ‘Home Loan’ for purchasing the apartment in “Bijoy Rakeen City” at Mirpur, Dhaka, a gated community built over 16.02 acre of land with 36 towers consisting of 1950 numbers of apartment sized 1500sft and 1800sft combining modern life style facilities like Shopping mall, schools, clubs and community services. This property will be developed by master developer Rakeen Development Company (BD) Ltd.

Mr. Girish Kumar – Chief Financial Officer, RAKEEN and Mr. Irteza A. Khan, Head of Consumer Division of IDLC Finance signed the MOU on behalf of their respective organizations. Other senior officials of RAKEEN and IDLC Finance also attended the signing ceremony.

Officials of RAKEEN and IDLC jointly quoted that: This MOU between RAKEEN and IDLC marks a milestone. This joint initiative will enhance the service and commitment to the utmost level for the clients of both parties. RAKEEN official expressed the gratitude for the support of IDLC to RAKEEN’s Clients and believed that this cooperation will reap a great success.

Bijoy Rakeen City, Your Dream Home

Published in Look Magazine on March 2013.


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