RAK Ceramics has created the largest and most exclusive range of models in the ceramic world with new models offered every month, appealing to all market segments such as interior designers & architects; engineers, major retail chains, corporate, do-it-yourself retailers & home owners; all keeping in mind of course, the end user across the world.
1.1.1 Establishment Year
RAK Ceramics (Bangladesh) Limited, a UAE-Bangladesh joint venture company, was incorporated in Bangladesh on 26 November, 1998 as a private company limited by shares under the Companies Act 1994, later converted into public limited company. The name of the Company was thereafter changed from RAK Ceramics (Bangladesh) Private Limited to RAK Ceramics (Bangladesh) Limited as per resolution passed in extraordinary general meeting on 10 June 2008, certificate issued by the Registrar of Joint Stock Companies dated 11 February, 2009. It is engaged in manufacturing and marketing of ceramics tiles, bathroom sets and all types of sanitary ware. It has started its commercial production on 12 November, 2000. The commercial production of new sanitary ware plant was started on 10 January, 2004. Further expansion of the existing facilities of ceramics tiles plant took place in year 2004, and for tiles and sanitary plant were in year 2007.
Date of Incorporation : 26 November 1998
Commencement of Business : 12 November 2000
Authorized Capital : Tk.3000.00 mn
Pre-IPO Paid-up Capital : Tk. 1,855.63 mn
1.1.2 Ownership structure
Before IPO
Name of the shareholder
|
Number of Shares
|
% of total Shareholding
|
RAK Ceramics PSC, UAE
|
167,007,050
|
85.40
|
Mr. S.A.K. Ekramuzzaman
|
18,556,350
|
9.49
|
H.H. Sheikh Saud Bin Saqare Al Qassimi
|
20
|
0.00001
|
Mr. Sheikh Omar Bin Saqr Al Qassimi
|
20
|
0.00001
|
Mr. Sheikh Ahmed Bin Humaid Al Qassimi
|
20
|
0.00001
|
Mr. Hamad Abdullah Al Muttawa
|
10
|
0.000005
|
Dr. Khater Massaad
|
10
|
0.000005
|
Mr. Abdallah Massaad
|
10
|
0.000005
|
Mr. Manoj Aheeray
|
10
|
0.000005
|
Institutions, Employees *
|
10,000,000
|
5.11
|
Total
|
195,563,500
|
100.00
|
* The company also raised its paid up capital through further issuance of 10,000,000 ordinary shares of Tk 10 to the institutional Investors and its employees vide Securities & Exchange Commission’s letter no. SEC/CI/CPLC-183/09/279 dated 7 October 2009. These shares are subject to one year lock in from the date of issuance of prospectus. Details of the shareholders are as follows: MORE>>>>>>>>>>
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