Labu elected as AIBL chairman

Abdus Samad Labu has been elected as the chairman of Al-Arafah Islami Bank Ltd (AIBL) in the 390th meeting of the board of directors of the bank yesterday.

Labu is one of the founder directors of the bank, said a press release.

He is the vice-chairman of S Alam Group, chairman of S Alam Cold Rolled Steels Ltd, and a vice-chairman of Ekushey Television (ETV).

He is a renowned name in the business arena of the country and manages various business houses in different capacities.

He is an executive member of Baitus Saraf Foundation and Chattogram Samity, Dhaka.