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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]
A K Khan & Company:One of the oldest private sector organisations in Bangladesh. BSRM: Bangladeshi steel manufacturing conglomerate based in Chittagong. It was founded in 1952. The company generates $800 million revenue. Habib Group: Habib Group was founded in 1947. Currently company's annual turnover is close to $500 million, and employs more ...
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: Conglomerates - Chattogram: 1953
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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 ...
With an unusually high stock price of $1,735 per share, Broadcom seemed overdue for a split when it announced a 10-for-1 swap expected to go live on July 15. Like Nvidia, the company's stock has ...
In 2022, it was one of five Bangladeshi groups that imported more than one billion dollar worth of raw materials; the others were Abul Khair Group, Bashundhara Group, BSRM, and Meghna Group of Industries. [35] In January 2023, S. Alam Group owned Islami Bank Bangladesh Ltd received 80 billion taka in emergency funds from Bangladesh Bank. [36]