Bank Asia PLC convened its 13th Extra-Ordinary General Meeting (EGM) on Sunday, conducted through a digital platform, reflecting the continued use of virtual governance mechanisms for shareholder engagement. The meeting was chaired by Mr Romo Rouf Chowdhury, Chairman of the bank, according to an official press release.
The principal agenda of the EGM focused on shareholder consideration and approval of key resolutions relating to the proposed acquisition of the Bangladesh operations of Bank Alfalah Limited. The proposed transaction includes the transfer of all associated assets, liabilities, rights, and obligations connected to the Bangladesh operations of Bank Alfalah Limited. It was further noted that the completion of the transaction remains subject to the approval of the relevant regulatory authorities, in accordance with applicable legal and supervisory requirements.
Shareholders present at the meeting deliberated on and subsequently approved the resolutions placed before them. The approval marks a formal step in advancing the proposed acquisition process, while the finalisation of the transaction will depend on fulfilment of regulatory conditions.
The EGM was attended by members of the Board of Directors and senior management of Bank Asia PLC. Participants included Vice Chairman Ms Zakia Rouf Chowdhury, Directors Ms Romana Rouf Chowdhury, Ms Farhana Haq, Mr Enam Chowdhury, Mr Nafees Khundker, Mr Sabeth Nayeem Choudhury, Ms Farzana Khan, and Mr Md Ataur Rahman, ndc. Mr Sohail R. K. Hussain, Managing Director, was also present alongside members of the bank’s senior management team. Mr Zahid Hasan, Company Secretary (Acting), was in attendance as well.
A significant number of shareholders joined the meeting virtually, indicating broad participation through the digital platform and continued engagement in the bank’s governance processes.
Attendance Summary
| Category | Names / Details |
|---|---|
| Chairman | Mr Romo Rouf Chowdhury |
| Vice Chairman | Ms Zakia Rouf Chowdhury |
| Directors | Ms Romana Rouf Chowdhury; Ms Farhana Haq; Mr Enam Chowdhury; Mr Nafees Khundker; Mr Sabeth Nayeem Choudhury; Ms Farzana Khan; Mr Md Ataur Rahman, ndc |
| Managing Director | Mr Sohail R. K. Hussain |
| Company Secretary (Acting) | Mr Zahid Hasan |
| Shareholders | Significant number attended virtually |
The meeting was formally structured under corporate governance requirements, with resolutions presented for shareholder consideration in line with standard procedural practice for extraordinary general meetings. The digital format enabled remote participation by shareholders, ensuring continuity of engagement irrespective of physical presence.
The bank’s announcement confirmed that all approved resolutions specifically concern the proposed acquisition transaction and its associated components, with further steps dependent on regulatory review and approval processes.