Arafat Developers & Builder Ltd. was incorporated as a Private Limited Company under the Companies Act, 1913. In 1993 the company was registered as a Public Limited Company which is one of the largest Real Estate Company in the private sector. The company raised its capital by way of an overwhelmingly subscribed IPO of shares and debentures through a prospectus.
The company is the pioneer as well as the only Public Limited Company in the country in Real Estate Business under the private sector. Arafat Developers & Builder Ltd. is one of the earliest members of the REHAB Association, the central body for private sector developers in Bangladesh.. It started its work by successfully implementing a project of building . It was one of the first to provide low-cost housing to the residents of Bangladesh ). Within a short span of time it turned out to be one of the most trusted company in the housing sector.
The company started operations by developing real estate mostly within Dhaka, the capital of the country and subsequently it has started to build shopping malls and apartment outside the capital. It regularly takes part in REHAB real estate fairs, both at home and abroad, and experiences sell-out performances.