A signing Ceremony for syndicated multi credit facility of Tk. 1374 million in favor of Faisal Spinning Mills Ltd. has been held on July 2, 2007 at Dhaka Sheraton Hotel.

Dhaka Bank Ltd is the Lead Arranger and Agent Bank for the syndication. Mr. Abdul Hai Sarker, President of Bangladesh Textile Mills Association (BTMA) and founder Chairman, Dhaka Bank Limited was present on the occasion as Chief Guest.

The proposed project, Faisal Spinning Mills Ltd (FSML), a concern of Saiham, Group is a textile-spinning unit comprising 30,960 ring spindles.

Mr. Shahed Noman, Managing Director, Dhaka Bank Limited, Mr. Md. Nurul Amin, Managing Director, National Credit & Commerce Bank Limited, Mr. Muhammad Ali, Deputy Managing Director, Shahjalal Islami Bank Limited, Mr. K Mahmood Sattar, Managing Director, The City Bank Limited, Mr. Helal Ahmed Chowdhury, Managing Director, Pubali Bank Limited and Mr. Syed Abu Naser Bukhtear Ahmed, Managing Director, Agrani Bank signed the agreement on behalf of their respective banks.

Mr. S.M. Faisal is the Chairman of the company while other directors are from the same family.