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About MFL
MIDAS Financing Limited (MFL) is a Public Company Limited by share, incorporated on May 16, 1995 under the Companies Act 1994 and authorized to commence its business operation in Bangladesh as per certificate of commencement of business. The Company obtained license from Bangladesh Bank on October 11, 1999 to operate as a Non Bank Financial Institution under the Financial Institution Act 1993. The Company is a listed Company with Dhaka Stock Exchange Ltd. since October 26, 2002, with Chittagong Stock Exchanges Ltd. since July 27, 2004 and its shares have been quoted and transacted in stock exchange in dematerialized form through Central Depository Bangladesh Limited (CDBL) from March 23, 2005. On June 24, 2012 the registered office of the Company has been shifted from Nahar Green Summit (2nd Floor) House No. 43, Road No. 16 (New)/ Old 27, Dhanmondi, Dhaka-1209. MIDAS Investment Ltd., a subsidiary Company of MIDAS Financing Ltd. holding 99.99% shares was incorporated on 9th April, 2012 under the Companies Act XVIII of 1994 bearing registration number C-100772/12 with a view to operating Merchant Banking Business. The Merchant Banker Registration Certificate is yet to be received from Bangladesh Securities and Exchange Commission.
Vision
To be a leading financial institution of the country with diversified financial services contributing towards development of an enterprising society.
Mission
To provide value added financial services to valued customers, strictly maintaining the ethical standard in financial operation.
Corporate Focus
To continue endeavours for development towards value addition to become a real friend of entrepreneurs and remain competitive in the financial service market.
Commitment
To give emphasis on continuous development endeavours and value addition to become a real friend of entrepreneurs and remain competitive in the financial service market;
To protect shareholders’ capital as well as maximize the wealth of the organization;
To provide competitive compensation package to the employees who constitute the back-bone of the management and operational strength of the company;
To repay the loans taken from banks and financial institutions on time;
To fulfill the responsibility to the nation through payment of taxes regularly;
To avoid malpractice and anti-environmental, unethical and immoral activities and corrupt dealings;
To maintain a congenial working environment;
To practice good governance in every sphere of activities covering full disclosures and reporting to shareholders;
To hold AGM and distribute dividend on time and disseminate price sensitive information.
Top Management- Board of Directors
As per the provisions of Articles of Association, the Board of Directors holds periodic meetings to resolve policy issues and strategies for achieving the organizational goal by the Management. The Board sets Vision, Mission and Objective of the Company as per guidelines of Bangladesh Bank and all other regulatory authorities.
Management
The Management is headed by the Managing Director as Chief Executive Officer (CEO) who has been delegated necessary authority by the Board of Directors. The Management operates through further delegation of authority to the heads of departments. The Management is responsible for preparation of segment plans for every investment centre.
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