Alliance Holdings Limited (AHL) is a Bangladeshi conglomerate company based in Dhaka, Bangladesh. It is active in business areas such as inland container terminals, prefabricated steel building manufacturing, power generation, lubricant blending, and financial services.[1][2]
| Company type | Private |
|---|---|
| Founded | 1998 |
| Founder | Jowher Rizvi |
| Headquarters | Dhaka, Bangladesh |
Key people | Jowher Rizvi (chairman) Yasser Rizvi (managing director) |
| Revenue |  US$142 million |
Number of employees | 5,000 |
| Website | ahlbd |
History
editAlliance Holdings Limited was founded in 1998 by Jowher Rizvi as a holding company in Bangladesh.[3] [4]
In April 2010, Alliance Holdings announced its plan to offer 35 million shares at Tk 10 each in a public flotation.[1] The capital raised was intended for business expansion and investment in infrastructure sectors such as power, telecom, and shipbuilding.[1]
In 2021, Alliance Holdings and The Social Loan Company (TSLC), a Singapore-based firm, formed a joint venture to launch the digital credit application CASHe in Bangladesh.[5]
Over the years, Alliance Holdings has held a shareholding in companies such as Summit Alliance Port Limited and Global Beverage Company Limited, a franchisee for various soft drinks such as Virgin, Zam Zam, and Shark Energy.[1] It has also held a stake in the Industrial Promotion and Development Company of Bangladesh (IPDC), Bangladesh's first private sector financial institution.[1]
Subsidiaries
edit- Summit Alliance Port Limited[6][1]
- Ispahani Summit Alliance Terminal Limited[7]
- Oriental Oil Company Limited[8]
- Alliance Oil Limited[9]
- Lankan Alliance Finance Limited[10][11]
- PEB Steel Alliance Limited[12]
- Union Accessories Limited[8]
- Fountain Garments Manufacturing Limited[8]
- CASHe Alliance Limited[13]
See also
editReferences
edit- ^ a b c d e f "Alliance Holdings set for IPO under book building". The Daily Star. April 19, 2010.
- ^ "Summit Power buys 64% stake in Ace Alliance Power". Dhaka Tribune. 2016-09-22. Retrieved 2016-10-29.
- ^ "Alliance Holdings set for IPO under book building". The Daily Star. 2010-04-19. Retrieved 2022-07-12.
- ^ "Summit Alliance Port Limited (SAPL)" (PDF). Dhaka Stock Exchange. May 12, 2018. Retrieved May 20, 2020.
- ^ "TSLC Alliance to launch app-based lending platform in Bangladesh". Business Insider Bangladesh.
- ^ "Summit to operate three river terminals in India". The Daily Star. 2018-11-06. Retrieved 2022-07-13.
- ^ "About us – ISATL".
- ^ a b c "Co-Founder & Chairman – PEBSAL".
- ^ "Alliance Holdings Limited – Corporate Social Responsibility".
- ^ "Lankan Alliance Finance, CASHe Alliance announce a lending app". The Business Standard. 2022-04-07. Retrieved 2022-07-13.
- ^ "Lankan Alliance Finance raised Tk45C for Esquire Accessories through preference shares". Dhaka Tribune. 2022-06-12. Retrieved 2022-07-13.
- ^ Chiran, Mathews (2019-09-10). "Abrar memorial footbridge closed days after opening". The Daily Star. Retrieved 2022-07-13.
- ^ "TSLC Alliance set to launch 'CASHe' in Bangladesh". The Financial Express. Retrieved 2022-07-13.