Olympic Industries, which is publicly traded, has entered into a loan agreement with Bangladesh Infrastructure Finance Fund Limited (BIFFL) to facilitate its business expansion. BIFFL receives funding from Japan’s JICA.
This information was disclosed by sources from the Dhaka Stock Exchange (DSE).
As per the source, Olympic has formalized an agreement with BIFFL for the purpose of expanding its operations. Under the terms of the agreement, Olympic Industries will secure a loan of Tk 50 crore from BIFFL. This funding will be used to expand Units 1 and 2 located in Narayanganj.
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