A signing ceremony for the syndicated term loan facility of BDT 438.25 million for Ronak Spinning Mills Limited was held on December 20, 2012 at Ruposhi Bangla Hotel. Dhaka Bank Limited is the mandated lead arranger and agent bank for the syndication. The company will set up a Textile Spinning mill comprising 50,000 ring spindles at Bogra. The mill will produce high quality cotton yarn for local market. Three Banks and a Non-Bank Financial Institution (“NBFI”) under the Lead Arrangement of Dhaka Bank Ltd. have taken part in this syndication deal. The following distinguished guests were present in the signing ceremony: Mr. Khondker Fazle Rashid ,Managing Director, Dhaka Bank Limited, Mr. Niaz Habib, Additional Managing Director Dhaka Bank Limited, Mr. Md. Mehmood Husain, President & Managing Director, Bank Asia Limited, Mr. Syed Rafiqul Haq, Senior Executive Vice President & Area Head of Corporate Banking, Dhaka Eastern Bank Limited, Mr. Quazi Shairul Hassan Managing Director Saudi-Bangladesh Industrial and Agricultural Investment Company Limited, Ms. Taslima Zannat Chairperson Ronak Spinning Mills Limited, Mr. Md. Rezaul Karim Managing Director Ronak Spinning Mills Limited and senior officials from the participating lenders and the borrower company were present in the signing ceremony.