Alliance Holdings Limited

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]

Alliance Holdings Limited
Company typePrivate
Founded1998 (1998)
FounderJowher Rizvi
HeadquartersDhaka, Bangladesh
Key people
Jowher Rizvi (chairman)
Yasser Rizvi (managing director)
Revenue US$142 million
Number of employees
5,000
Websiteahlbd.com

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

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