Preference shares will be issued by the board of directors of Mir Akhtar Hossain Limited, a publicly traded company in the engineering sector.

Sources at the Dhaka Stock Exchange (DSE) are aware of this information.

The company has made the decision to issue preference shares that are fully redeemable, cumulative, and non-participative, according to sources. This share issue will enable the company to raise Tk 250 crore. The funds raised will be used by the business to pay back the loan.

Following clearance from investors and the Bangladesh Securities and Exchange Commission (BSEC), the shares will be issued.

For this, the business has called a special general meeting (EGM). On the hybrid platform, this EGM will take place on February 8 at 11:00 a.m. The date of the record for this has been set at January 14.