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He is the executive director of the Mostafa Hakim Welfare Foundation and director of Standard Bank Limited. [10] [11] His nephew, Didarul Alam, is an Awami League member for parliament from Chittagong-4 and director of the Mostafa-Hakim Group. [6] [12] During the COVID-19 pandemic in Bangladesh they supplied oxygen to hospitals for free. [13]
In May 1996, the group made its foray into the financial sector by establishing Bangladesh National Insurance Company Limited (BNIC), with Mostafa Kamal assuming the position of chairman. [8] [9] In 1999, Meghna Group established another subsidiary company to manufacture small bags, United Fibre Industries Limited. [10]
Notable companies Status: P=Private, S=State; A=Active, D=Defunct; Name Industry Sector Headquarters Founded Notes Status A K Khan & Company: Conglomerates - Chittagong: 1945 Textiles, logistics, water, financial services, telecoms, agriculture P A Aarong: Consumer goods Personal & household goods Dhaka: 1978 General retail P A Abul Khair Group ...
T K Group of Industries: One of the largest conglomerates known for its vegetable oil business in Bangladesh with a turnover over US$1.5 billion. This group is one of the top three VAT payers in the country. It also has interests in steel, shipbuilding, pulp and paper, plastics, cement, and textiles. PHP Family; Abul Khair Group; Mostafa ...
Dragon Group is a group of garment factories and other companies in Bangladesh. The group produces mainly for the international market and exports to more than 30 countries, especially the United States and Canada. [5] Its subsidiary Dragon Sweater employs more than few thousand workers and in 2018 was the most traded stock on the Dhaka Stock ...
Kallol Group of Companies was established in 1972. [5] Kallol Group of Companies signed a licensee agreement with the United Kingdom-based Fay International Limited to produce Fay branded tissues in Bangladesh. [5] Kallol Group started importing Fay tissue and distributing them in Bangladesh in 1987, the first to sell tissue in the country. [6]
The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017. [13] Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October ...
Bangladesh Bank after an investigation in May 2013 found Shahabuddin Alam, managing director of S.A. Group of Industries and Director of Mercantile Bank, had embezzled money from the bank for his S.A Group of Industries. [7] In 2014, Bangladesh Bank fined Bangladesh Krishi Bank 50 thousand taka for providing 1.8 billion taka loan to S.A. Group ...