AHSAN HABIB

Delta Brac Housing Finance Corporation, a listed non-bank financial institution in Bangladesh, recently announced that it has decided to change its name by adding PLC as a suffix.

DBH is not alone.

Many other companies listed on the stock markets in the country have announced to ditch the suffix “Limited” or “Ltd” in order to assume “PLC” or “Public Limited Company” in the last few months.

They include Crown Cement, Runner Automobiles, Premier Cement Mills, Taufika Foods and Lovello Ice-cream, Citizens Bank, United Commercial Bank, Unique Hotel & Resorts, and Walton Hi-Tech Industries.

A PLC is a public company and is the equivalent of a US publicly traded company that carries the Inc. or corporation designation.

The use of the PLC abbreviation after the name of a company communicates to investors and to anyone dealing with the company that it is a publicly traded corporation.