Saudi-Bangladesh Industrial and Agricultural Investment Company Limited - SABINCO

The Saudi-Bangladesh Industrial and Agricultural Investment Company Limited, popularly known as SABINCO, is a Development Financial Institution (DFI) and Investment Company. It was promoted under dual initiatives of the Government of the Kingdom of Saudi Arabia and the Government of the People’s Republic of Bangladesh out of deep-rooted ties and close economic relationship of the two brotherly Muslim nations. The company was established under joint collaboration by a protocol signed between the two governments in 1984 with a view to making investments in the industrial and agro-industrial fields in Bangladesh. SABINCO was floated as a private limited company with the governments of Saudi Arabia and Bangladesh as the two Shareholders. It was incorporated under the Bangladesh Companies Act 1913 on 24th June 1984 with its headquarter at Dhaka. The company commenced operation in 1986. Subsequently, Bangladesh Bank granted license to SABINCO in 1993 under the Financial Institutions Act 1993 to operate as a Non-Banking Financial Institution.