Prime Bank Investment PLC (PBIL), a subsidiary of Prime Bank PLC, has recently entered into a memorandum of understanding (MoU) with Equiline Finance, an impact investment and project finance company based in Abu Dhabi. The purpose of this collaboration is to enhance cooperation in sustainable project financing within Bangladesh.
According to the MoU, Equiline Finance has expressed initial interest in investing over $2 billion in government-supported infrastructure and development projects. The areas of focus for the proposed investment include energy, transportation, healthcare, ports and logistics, agriculture and agro processing, waste and water management, tourism, digital infrastructure, and other key sectors.
PBIL will serve as Equiline’s local partner in Bangladesh, supporting in project viability assessments, deal structuring, and facilitating capital market access and advisory services for suitable projects.
The signing of the MoU took place on Monday, with Salah Al Nasser, the CEO of Equiline Finance and the chairman of Faminas Investment Group, and Syed M Omar Tayub, the managing director and CEO of Prime Bank Investment PLC, formalizing the agreement, as per a press release.
Omar mentioned that this MoU establishes PBIL as a reliable local partner for Equiline Finance, combining global financing capabilities with PBIL’s expertise in the local market, regulatory landscape, and investment banking services. He further highlighted that the partnership aims to translate investment interest into viable projects and attract long-term capital for impactful initiatives.
Salah emphasized Bangladesh’s robust economic fundamentals and clear development objectives, stating that collaborating with PBIL will reinforce Equiline’s local presence in project origination, structuring, and market execution as they explore investment prospects in priority sectors.
This partnership is anticipated to enhance Bangladesh’s access to capital from the UAE and the broader region, while also fostering foreign investment in infrastructure and the capital market, as detailed in the release.
