• Friday, Jul 10, 2020
  • Last Update : 11:43 am

Shakil Rizvi, Shahjahan elected DSE shareholder directors

  • Published at 10:08 pm December 29th, 2019
Web-DSE-Election
File photo of Mohammad Shahjahan, left and Shakil Rizvi, right

Of the total 259 voters, 178 cast their votes on the DSE premises in Motijheel. Eight votes were declared invalid

The country’s prime bourse Dhaka Stock Exchange (DSE)   elected Shakil Rizvi and Mohammad Shahjahan as two of its shareholder directors on Sudnay.

Of the total 259 voters, 178 cast their votes on the DSE premises in Motijheel. Eight votes were declared invalid.

There were three candidates — Shakil Rizvi, managing director of Shakil Rizvi Stock Ltd, Mohammad Shahjahan, managing director of Jahan Securities, and Mohammad Shamim Afzal, chief executive officer of Desa Securities.

Mohammad Shahjahan bagged 149 votes and Shakil Rizvi 133 votes while Shamim Afzal only 56 votes, according to the official results.

Shakil Rizvi is also the President of Dhaka Stock Exchange Brokers’ Association (DBA), former president-director of DSE. Shakil has been involved in the capital market since 1987.  Mohammad Shahjahan is a former director of Dhaka bourse.

This year, Sharif Ataur Rahman and Md Hanif Bhuiya will retire from the board. 

Retired High Court judge Justice Md Abdus Samad acted as the chairman of the DSE’s election commission.

As per the demutualization scheme 2013, the bourse has 13 members — seven independent directors, four shareholder directors, one strategic investor and bourse's managing director.

The newly-elected directors name will be announced at the bourse's 58th annual general meeting (AGM) on Monday. 

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