KEKE TRUSTEES |
HOW MANY ARE WE?
KEKE HOSPITALS LTD. PROJECT WAS STARTED WITH A PROVISION FOR 250 TRUSTEES.
We enrolled 207 Trustees until March 25, 2020
We commenced work on May 8, 2018 with 160 Trustees.
THE TRUSTEES ARE AN EMINENT GROUP OF PERSONS COMPRISING OF EX-MINISTERS, RETIRED SECRETARIES, AMBASSADORS, VICE CHANCELLORS, PROFESSORS, GENERALS OF THE ARMY & NAVY, EMINENT BUSINESSMEN, EXPERTS, CONSULTANTS, ENGINEERS, DOCTORS, CHARTERED ACCOUNTANTS, BANKERS, INVESTMENT BANKERS AND RISING PROFESSIONALS WHO ARE MENTORS OF OUR SOCIETY AND ASPIRING MENTORS OF THE FUTURE
Donations Recieved BDT 247.5 lacs
Balance Due BDT 166.5 lacs
Expenditures Due until the SEED FUND of BDT. 24 Crores shall be managed within this amount
and BDT. 100 lacs or 1 Crore shall be contirbuted to the Seed Fund Investment
We enrolled 207 Trustees until March 25, 2020
We commenced work on May 8, 2018 with 160 Trustees.
THE TRUSTEES ARE AN EMINENT GROUP OF PERSONS COMPRISING OF EX-MINISTERS, RETIRED SECRETARIES, AMBASSADORS, VICE CHANCELLORS, PROFESSORS, GENERALS OF THE ARMY & NAVY, EMINENT BUSINESSMEN, EXPERTS, CONSULTANTS, ENGINEERS, DOCTORS, CHARTERED ACCOUNTANTS, BANKERS, INVESTMENT BANKERS AND RISING PROFESSIONALS WHO ARE MENTORS OF OUR SOCIETY AND ASPIRING MENTORS OF THE FUTURE
Donations Recieved BDT 247.5 lacs
Balance Due BDT 166.5 lacs
Expenditures Due until the SEED FUND of BDT. 24 Crores shall be managed within this amount
and BDT. 100 lacs or 1 Crore shall be contirbuted to the Seed Fund Investment
WHAT IS THE PROJECT?
Keke Hospitals Ltd. - Dhaka Project is developed by HELP Services Foundation to promote Universal Health Care in Bangladesh with clear financial demonstration.
The Project consists of For Profit component to finance the Not For Profit components. The components are as follows:
The Trustees shall share the Board of Trustees responsibilities of all the Not For Profit Institutions.
The Trustees Donations are at risk until the For Profit Hospital is executed successfully. If the Hospital is established, the Trustees are awarded some Equity in the Hospital.
The Project consists of For Profit component to finance the Not For Profit components. The components are as follows:
- For Profit:
- Keke Hospitals Ltd. - Dhaka - a 600 bed multi-specialty, teaching hospital.
- Not For Profit:
- A Medical College - most likely to be a German accredited institution
- A Degree Nursing College
- A Dental College
- A Medical Technical and Paramedical Training Institute
- A Full-fledged University
The Trustees shall share the Board of Trustees responsibilities of all the Not For Profit Institutions.
The Trustees Donations are at risk until the For Profit Hospital is executed successfully. If the Hospital is established, the Trustees are awarded some Equity in the Hospital.
PROGRESS & TIMETABLE
COMMENCEMENT: May 8. 2018
OBJECTIVES:
OBJECTIVES:
- National Feasibility Study of the viability of the Hospital
- International Verification of Feasibility Study
- Obtaining an International Hospital Management Company to manage and operate the Hospital
- Packaging the Financing to build and commission the project
- Commissioning the Project
- Very rapidly by Dec. 31, 2018, the Project Team had signed a Memorandum of Understanding and was in possession of a Draft contract with the International Hospital Management Company.
- The International Hospital Management Company has also obtained confirmation of International Vendor Financing for BDT. 1,500 Crores in Foreign Exchange(60% of Project Cost)
- BDT. 24 Crore is required at this stage to fund the processing expenses for the rest of the Project cost as a Bond. The search began in Jan. 2019.
- The search has bogged down until March 14, 2020.
- March 14, 2020 an encouraging Investor Group meeting was held in The Westin with 9 Investors attending. However, the country went into lockdown on March 25, 2020.
WHAT'S NEXT?
THE CURRENT TIMETABLE:
- Jan., 01, 2021 - June, 30, 2021 - Complete Seed Fund Round and Raise BDT. 24 Crores
- Target Failed - The Pandemic is still taking a toll on progress. Meetings are difficult to hold due to health hazards. However, some progress has been made. Conversation has begun with Bangladesh Investment Development Authority(BIDA) to promote the project amongst prospective local and institutional Investors.
- June 10, 2023: THE PROJECT HAS STALLED,
- THE CURRENT TEAM IS UNABLE TO OBTAIN THE SEED FUND ROUND OF BDT 24 CRORES. THE ONLY PROSPECT IS TO RAISE THIS FUNDING FROM EXPATRIATE OR INTERNATIONAL SOURCES. THIS IS PREDICATED ON THE PROJECT CO-ORDINATOR TAKING PERSONAL INITIATIVE TO RAISE THIS FUND AT HIS DISCRETION AND EXPENSE.
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