Khalilur Rahman, chairman of KDS Group, and Md Liakat Ali Chowdhury, director of Al-Arafah Islami Bank Ltd, were respectively elected as chairman and vice-chairman of AIBL Capital Market Services Ltd, a subsidiary of the bank.

They were elected at a board meeting in Dhaka on February 18, according to a statement.

A noted industrialist and commercially important person of the country, Khalilur Rahman is also president of the Chittagong Metropolitan Chamber of Commerce and Industry, vice-president of Bangladesh Inland Container Depot Association, chairman of Pragati Life Insurance Ltd and sponsor director of National Bank.

Chowdhury is managing director of Bangladesh Ship Breaking Ltd and L&M Builders (Pvt) Ltd. He is a sponsor director of Southern University in Chittagong.