First Finance Limited Corporate Structure and Management

First Finance Limited has a well-defined corporate structure that enables it to operate efficiently. The company is a private limited liability company, incorporated under the laws of the relevant jurisdiction.

The company's management team is led by a seasoned executive, who brings over a decade of experience in the financial services industry. This executive has a proven track record of driving business growth and innovation.

The company's board of directors plays a crucial role in overseeing the overall strategy and direction of the business. The board consists of experienced professionals with a deep understanding of the financial services industry.

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First Finance Limited has a strong team of experienced professionals leading its various departments. Mr. Maksumul Mahmud, the Deputy Managing Director & COO, brings over 22 years of diversified experience in the banking and non-bank financial institution sector. He has held various senior leadership roles, including Branch Manager, Head of Branches, and Head of Recovery Division.

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The company's leadership team also includes Mr. Wahid Adnan, SVP & Head of Recovery Division, who has extensive expertise in Secretariat Management, SME business, and Branch Banking and Operations. With over two decades of experience, Mr. Adnan has a strong background in risk management, compliance, and sustainable recovery initiatives.

First Finance Limited's team is further supported by Ms. Hasina Jannat, VP & Head of Treasury, who has over two decades of experience in treasury operations and financial compliance. She has a strong academic foundation, including an MBA with a major in Finance from Stamford University Bangladesh.

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Mr. Maksumul Mahmud brings over 22 years of diversified experience in the banking and non-bank financial institution (NBFI) sector to his role as Deputy Managing Director & COO of First Finance Limited.

He has served in a wide range of senior leadership roles, including Branch Manager, Head of Branches, Head of Central Operations, and Head of Recovery Division.

Mr. Mahmud has been with First Finance Limited since March 14, 2010, and has held various senior leadership positions during his tenure.

He served as Managing Director & CEO of First Finance Limited from August 30, 2023 to March 03, 2025, where he led the company with strategic vision and operational discipline.

Throughout his tenure at First Finance Limited, Mr. Mahmud has demonstrated deep operational expertise and leadership excellence.

He has been entrusted with overseeing multiple critical departments, including Credit, Recovery, Treasury, CRM, CAD, Legal, ICCD, Compliance, HR, CMSME, Investment, Administration, and Central Accounts.

Mr. Mahmud holds both B.S.S. and M.S.S. degrees in Economics from the University of Dhaka and is a certified Banking Diploma (Part-I) holder from the Bangladesh Institute of Bank Management (BIBM).

Mr. Wahid Adnan serves as the Senior Vice President and Head of the Recovery Division at First Finance Limited, a role he has held since January 13, 2021.

With over two decades of diverse international and domestic experience, Mr. Adnan brings a powerful combination of strategic thinking, operational leadership, and financial acumen to the banking sector.

He has extensive expertise spanning Secretariat Management, SME business, Branch Banking and Operations, Portfolio Management, and Recovery operations.

Mr. Adnan's core banking journey commenced in 2009 with ICB Islamic Bank Ltd., where he served in various capacities until 2017, eventually rising to Assistant Vice President.

His passion for travel has taken him to several countries, including India, Nepal, Qatar, Thailand, Malaysia, Belgium, Luxembourg, Sweden, France, and the UK.

Mr. Adnan holds a Postgraduate Diploma in Business and Management from the University of East London, UK, and an affiliated MBA in International Marketing from West Coast University, Ireland, through the London School of Business Administration, UK.

He also completed a Master’s and Bachelor’s degree in Political Science from the University of Dhaka and the University of Calcutta, India, respectively.

Mr. Adnan's professional career began in 2004 in the UK, where he worked at the London College of Law and Management as a Student Support Service Advisor and later as Manager of International Marketing.

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Ms. Hasina Jannat is the Vice President and Head of Treasury at First Finance Limited, a position she has held since July 2017.

She brings over two decades of experience in the financial services industry of Bangladesh, with a strong background in treasury operations and financial compliance.

Ms. Jannat holds a strong academic foundation, having completed her Bachelor’s and Master’s degrees from National University and later earning an MBA with a major in Finance from Stamford University Bangladesh.

Her expertise in managing financial risk, ensuring liquidity, and maintaining compliance standards has played a key role in strengthening the financial position of the institutions she has served.

Ms. Jannat's calm control in navigating complex financial environments has earned her recognition for expertly guiding the institution's liquidity and regulatory strategies with precision and care.

She has held several key roles throughout her career, including Assistant Vice President and Head of Treasury, as well as Chief Anti Money Laundering Compliance Officer (CAMLCO).

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Mr. Md. Jahangir Hossain is the Vice President and Head of Human Resources at First Finance Limited, where he also serves as the Member Secretary of the Management Committee (MANCOM).

He has a strong background in HR, having previously worked as Human Resources Manager at BRAC, a position he held for five years.

Mr. Hossain holds a Master’s degree in HRD & Industrial Relations from Jahangirnagar University, as well as multiple certifications including Banking Professional Examination—Associate of the Institute of Bankers, Bangladesh (AIBB), Junior Associate of the Institute of Bankers, Bangladesh (JAIBB), an MBA in HRM, and a Post Graduate Diploma in HRM from the Bangladesh Institute of Human Resource Management.

He has a diverse educational background, with degrees in English Language and Literature, and a Bachelor of Laws (LL.B) from National University.

As a seasoned HR professional, Mr. Hossain has contributed articles on HR trends, labor laws, and workforce development in leading national newspapers.

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First Finance Limited is a reputable financial institution that has been serving its clients for many years. The company was founded in 1995 and is headquartered in a major city.

The company is led by a strong management team with extensive experience in the financial sector. The team's expertise has been instrumental in shaping the company's vision and mission.

First Finance Limited is committed to providing its clients with exceptional service, transparency, and security in all its dealings.

Mr. Mohammad Ekramur Rahman is the Senior Principal Officer and Company Secretary at First Finance Limited, a position he took on October 21, 2021.

He plays a crucial role in ensuring the company maintains high standards of corporate governance, regulatory compliance, and board operations. His background in corporate legal services and administrative functions makes him well-equipped for this task.

Mr. Rahman has extensive experience in corporate communications, internal governance, and operational processes, which he gained during his 9-year tenure at Grameenphone Ltd. He also worked at a legal practitioner's chamber, where he honed his expertise in legal documentation and corporate affairs.

He holds both an LL.B and an LL.M from Eastern University, Dhaka, where he developed a strong foundation in legal studies with a focus on corporate law and compliance.

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Corporate action is a crucial aspect of a company's financial health and stock performance. It involves various activities such as dividend payouts, bonus issues, stock splits, and rights issues.

You can find the historical dividend payout by mouse-overing on each year to see details. This will give you a clear picture of the company's dividend history.

A bonus issue, also known as a scrip issue, is a type of corporate action where the company issues additional shares to its existing shareholders. This increases the number of shares outstanding, but the shareholder's percentage ownership remains the same.

A stock split is another type of corporate action where the company divides its existing shares into a larger number of shares. For example, a 2-for-1 stock split means that one share is split into two shares.

Rights issues are also a type of corporate action where the company issues new shares to its existing shareholders. This is usually done to raise capital for the company.

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Here's a summary of the types of corporate actions mentioned above: