Alliance Holdings Limited Explained

Type:Private
Location:Dhaka, Bangladesh
Founder:Jowher Rizvi
Key People:Jowher Rizvi (chairman)
Yasser Rizvi (managing director)
Revenue: US$142 million
Num Employees:5,000

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]

History

Alliance 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

See also

Notes and References

  1. Web site: Alliance Holdings set for IPO under book building. April 19, 2010. The Daily Star.
  2. News: 2016-09-22. Summit Power buys 64% stake in Ace Alliance Power . en-US. Dhaka Tribune. 2016-10-29.
  3. News: 2010-04-19 . Alliance Holdings set for IPO under book building . 2022-07-12 . . en.
  4. Web site: Summit Alliance Port Limited (SAPL) . May 12, 2018 . May 20, 2020 . Dhaka Stock Exchange.
  5. Web site: TSLC Alliance to launch app-based lending platform in Bangladesh. Business Insider Bangladesh.
  6. News: 2018-11-06 . Summit to operate three river terminals in India . 2022-07-13 . The Daily Star . en.
  7. Web site: About us – ISATL.
  8. Web site: Co-Founder & Chairman – PEBSAL.
  9. Web site: Alliance Holdings Limited – Corporate Social Responsibility.
  10. News: 2022-04-07 . Lankan Alliance Finance, CASHe Alliance announce a lending app . 2022-07-13 . The Business Standard . en.
  11. News: 2022-06-12 . Lankan Alliance Finance raised Tk45C for Esquire Accessories through preference shares . 2022-07-13 . Dhaka Tribune . en.
  12. News: Chiran . Mathews . 2019-09-10 . Abrar memorial footbridge closed days after opening . 2022-07-13 . The Daily Star . en.
  13. News: TSLC Alliance set to launch 'CASHe' in Bangladesh . 2022-07-13 . The Financial Express.