Bangladesh, July 17 -- Al-Arafah Islami Bank's board of directors has picked new leadership, after control of the bank passed to Chattogram-based KDS Group.

Veteran entrepreneur Badiur Rahman has returned as board chairman, a post he previously held between 2008 and 2016.

He replaces outgoing chairman Khwaja Shahriar, who has stayed on the new board as an independent director despite losing the chairmanship.

KDS Group's Managing Director Salim Rahman, meanwhile, has been named chairman of the executive committee.

He currently serves as first vice-president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex body for garment sector entrepreneurs.

Al-Arafah Islami Bank announced the formation of its new...