S. Alam Group Board of Directors: Integrated Leadership Powering Growth

The Board of Directors of S. Alam Group sits at the centre of one of Bangladesh’s most diversified business portfolios, spanning steel, cement, edible oil, textiles, logistics, petrochemicals, power generation, hospitality, insurance and capital markets. For investors and strategic partners, understanding this leadership structure is essential to understanding how the Group delivers scale, stability and long-term value.

Led by Founder, Chairman and Managing Director mohammad saiful alam and Vice Chairman and Director (Finance) Abdus Samad, the Board provides a unified governance framework across core industrial operations, financial affiliates, media holdings and Sino–Bangladesh joint-venture power projects. Their combined oversight aligns capital, risk management and operational execution across the entire business ecosystem.

Why the S. Alam Group Board Matters to Investors

From an investor perspective, the S. Alam Group Board of Directors offers several clear advantages:

• Founder-led continuity, with strategic decisions anchored by the vision and experience of the Group’s original sponsor.
• Deep financial sector integration, including leadership and sponsor shareholdings in leading Islamic banks, non-bank financial institutions and brokerage houses.
• Sector-spanning expertise across manufacturing, infrastructure, media and services, reducing concentration risk and enabling cross-subsidisation of growth.
• Aligned sponsor shareholdings in key banks, insurance companies and capital market entities, helping ensure that governance priorities are closely tied to long-term performance.
• Proven capability to execute large-scale projects, particularly in power generation and Sino–Bangladesh joint-venture special purpose vehicles (SPVs).

These features make the Board’s composition highly relevant to lenders, institutional investors, rating analysts and strategic partners evaluating S. Alam Group’s resilience and growth outlook.

Founder-Led Leadership: Mohammed Saiful Alam

Mohammed Saiful Alam serves as the Founder, Chairman and Managing Director of S. Alam Group, providing strategic direction across all major subsidiaries and affiliates. His leadership is notable for simultaneously spanning core industrial businesses and the Group’s financial ecosystem.

Anchoring the Group and Its Financial Ecosystem

In addition to guiding S. Alam Group itself, Mohammed Saiful Alam holds leadership positions that strengthen the Group’s financial backbone and market reach:

• Chairman, First Security Islami Bank Ltd.– a scheduled Islamic bank in Bangladesh, supporting trade, project finance and consumer banking for the Group’s stakeholders.
• Chairman, First Security Islami Capital & Investment Ltd.– a merchant bank providing capital market and investment banking services.
• Chairman, Reliance Finance Ltd.– a leasing company and non-banking financial institution (NBFI), contributing to equipment finance and structured funding solutions.
• Chairman, Reliance Brokerage Services Ltd.– a stock brokerage house offering market access and trading capabilities.
• Chairman, Ekushey Television Ltd.– a national electronic media platform that enhances brand visibility and communication reach.
• Chairman, SS Power I Ltd.– an independent power producer (IPP) coal power generation company and Sino–Bangladesh joint‑venture SPV, underscoring the Group’s role in national infrastructure.
• Managing Director, Norinco Engineering Limited– supporting engineering, infrastructure and cross-border project capabilities.
• Managing Director, Rangdhanu Media Ltd. and leadership roles in Nexus Media Network Ltd. – extending the Group’s presence in the electronic media sector.
• Director, Northern General Insurance Company Limited– a general insurance company in Bangladesh, underpinning risk management and asset protection.

He is also a sponsor shareholder in Al-Arafa Islami Bank Ltd. and has involvement with Padma Islami Life Insurance Ltd., further deepening the Group’s connectivity across the Islamic financial ecosystem. Engagement in business chambers and industry bodies reinforces his influence on policy dialogue and private-sector development.

For investors, this concentration of leadership across industrial and financial entities translates into coordinated decision-making, smoother access to financing, and a holistic outlook on risk and opportunity.

Financial Strategy and Risk Oversight: Abdus Samad

Abdus Samad serves as the Vice Chairman & Director (Finance) of S. Alam Group, playing a central role in capital allocation, financial discipline and portfolio risk management. His roles straddle both core S. Alam industrial entities and key financial institutions.

Within the Group’s operating companies, Abdus Samad holds responsibilities such as:

• Managing Director of S. Alam Power Plant Ltd., Marine Empire Ltd. and Karnaphuli Prakritik Gas Ltd. – integrating energy, marine logistics and gas operations.
• Director across multiple industrial subsidiaries, including S. Alam Cold Rolled Steels Ltd., S. Alam Steels Ltd., S. Alam Cement Ltd., S. Alam Brothers Ltd., S. Alam Power Generation Ltd., Portman Cement Ltd., S. Alam Soya Seed Extraction Plant Ltd., S. Alam Properties Ltd., S. Alam Tank Terminal Ltd., S. Alam Luxury Chair Coach Services Ltd., S. Alam Hatchery Ltd., Fatehabad Farm Ltd. and Sonali Cargo Logistics (Pvt.) Ltd.
• Director, Norinco Engineering Ltd.– supporting collaboration in infrastructure and engineering solutions.

His financial sector roles further strengthen the Group’s governance architecture:

• Chairman, Al-Arafa Islami Bank Ltd.– a scheduled bank in Bangladesh, enhancing the Group’s access to Shariah-compliant banking products.
• Director, Northern General Insurance Company Limited– reinforcing risk coverage for assets and operations.
• Director, Reliance Finance Ltd.– supporting leasing and NBFI activities.
• Director, AIBL Capital Market Services Ltd.– a stock brokerage house, adding to capital market presence.
• Director, SS Power I Ltd.– a joint-venture SPV with Chinese partners in Bangladesh’s power sector.

By combining operational roles in power, logistics and manufacturing with high-level positions in banking and insurance, Abdus Samad helps ensure that large-scale capital investments are matched with prudent financial structures and risk mitigation. This is particularly relevant for investors tracking leverage, cash flow and return on invested capital across the Group.

Specialised Directors Across Key Business Functions

Beyond the Chairman and Vice Chairman, S. Alam Group’s Board includes a broad bench of managing directors and executive directors responsible for technical, marketing, administration, transport and commercial functions. This functional specialisation supports efficient execution in each sector while maintaining unified governance at the Group level.

Technical and Industrial Leadership

Engr. Shahidul Alam, Director (Technical), leads the Group’s technical and industrial capabilities with hands-on managing directorships:

• Managing Director of S. Alam Vegetable Oil Ltd. and Galco Steels (Bangladesh) Ltd.
• Key roles in Prasad Paradise Resorts Ltd. and Norinco Engineering Ltd., linking hospitality and engineering ventures.
• Chairman, Union Bank Limited– a scheduled bank in Bangladesh, further reinforcing the Group’s banking footprint.
• Director of First Security Islami Capital & Investment Ltd., Reliance Brokerage Services Ltd. and SS Power I Ltd., as well as involvement in C & H Power Management Co. Ltd., a joint-venture SPV with Chinese partners.

His portfolio bridges industrial production, banking and power SPVs, giving the Board robust technical insight into project design, plant efficiency and technology selection.

Marketing, Commercial and Administration

Several Board members focus on commercial strategy, marketing and administrative oversight, aligning day-to-day operations with the Group’s growth agenda.

• Ms. Farzana Parveen, Director– holds directorships in S. Alam Vegetable Oil Ltd., Sonali Cargo Logistics (Pvt.) Ltd., S. Alam Power Plant Ltd., S. Alam Properties Ltd., Norinco Engineering Ltd. and Prasad Paradise Resorts Ltd. She is also a Director of SS Power I Ltd. and First Security Islami Bank Ltd., Chairman of Rangdhanu Media Ltd., and Director of Reliance Finance Ltd., First Security Islami Capital & Investment Ltd. and Reliance Brokerage Services Ltd., reinforcing her influence across marketing, logistics and financial services.
• Morshedul Alam, Director (Marketing)– Managing Director of Chemon Ispat Ltd. and S. Alam Super Edible Oil Ltd., and Director of NRB Global Bank Ltd. and Reliance Brokerage Services Ltd. His role links brand-building and market penetration in steel and edible oil with financial market access.
• Md. Rashedul Alam, Director (Administration)– Managing Director of Global Trading Corporation Ltd. and Ocean Resorts Ltd., and Director of S. Alam Steels Ltd., S. Alam Hatchery Ltd., S. Alam Properties Ltd. and Bangladesh Petrochemical Ltd., as well as roles in Union Bank Ltd. and Reliance Brokerage Services Ltd. His responsibilities strengthen administrative controls across trading, hospitality, agriculture and petrochemicals.
• Mr. Mohammed Abdullah Hasan, Director (Commercial)– Managing Director of Hasan Abasan (Pvt.) Ltd., and Director across S. Alam Cement Ltd., S. Alam Soya Seed Extraction Plant Ltd., S. Alam Refined Sugar Industries Ltd., S. Alam Luxury Chair Coach Services Ltd., S. Alam Brothers Ltd., S. Alam Tank Terminal Ltd., Portman Cements Ltd., Karnaphuli Prakritik Gas Ltd., Fatehabad Farm Ltd., Sonali Cargo Logistics (Pvt.) Ltd., Modern Properties Ltd. and Marine Empire Ltd. He is also a Director of SS Power I Ltd. and First Security Islami Capital & Investment Ltd., strengthening the Group’s commercial architecture.

Collectively, this group ensures that products, services and projects are competitively positioned in the market, backed by disciplined administration and strong commercial negotiation.

Transport, Logistics and Supply Chain

Md. Osman Gani, Director (Transport Division), focuses on the logistics and transport infrastructure that underpins S. Alam Group’s supply chain. His roles include:

• Managing Director of Shah Amanat Prakritik Gas Co. Ltd.
• Director in S. Alam Cold Rolled Steels Ltd., S. Alam Cement Ltd., S. Alam Bag Manufacturing Mills Ltd., S. Alam Trading Co. (Pvt.) Ltd., Prasad Paradise Ltd., Ocean Resorts Ltd. and Modern Properties Ltd.
• Director of NRB Global Bank Ltd. and Reliance Brokerage Services Ltd.

By combining roles in industrial entities, trading companies and financial institutions, he helps ensure that logistics decisions are capital-efficient, reliable and aligned with the Group’s broader investment pipeline.

Textiles, Petrochemicals and New Ventures

The Board also includes directors who champion emerging sectors and value-added manufacturing within the Group.

• Ahsanul Alam, Director– Managing Director of Genesis Textiles Accessories & Apparels Ltd., Western Designers Ltd., C & A Accessories Ltd. and C & A Fabrics Limited. He also serves as a Director of Norinco Engineering Ltd. and Hasan Abasan (Pvt.) Ltd., and as Vice Chairman, Union Bank Limited. This blend of textiles, design-led businesses and banking supports diversification into higher value-added exports.
• Ms. Sharmin Fatema, Director– Managing Director of Bangladesh Petrochemical Ltd., Director of Chemon Ispat Ltd., and sponsor shareholder of First Security Islami Bank Ltd. She is also a Director of First Security Islami Capital & Investment Ltd. and Unique Investment & Securities Ltd., integrating petrochemicals with capital market capabilities.
• Ms. Shahana Ferdous, Director– Director of S. Alam Super Edible Oil Ltd. and Galco Steels (Bangladesh) Ltd., and Director of Union Bank Ltd. She is a sponsor shareholder of First Security Islami Bank Ltd., Al-Arafa Islami Bank Ltd., Reliance Finance Ltd. and AIBL Capital Market Services Ltd., underscoring strong sponsor alignment in financial institutions.
• Ms. Farzana Begum, Director– Managing Director of Lion Securities & Investment Ltd., Director of Global Trading Corporation Ltd., Shah Amanat Prakritik Gas Co. Ltd., Kingston Flour Mills Ltd. and Infinite CR Strips Industries Ltd., as well as Director of Union Bank Ltd. and Times Securities Ltd. She is also a sponsor shareholder of First Security Islami Bank Ltd., building a bridge between manufacturing, trading and investment services.
• Ms. Marzina Sharmin, Director– Managing Director of Unique Investment & Securities Ltd. and Times Securities Ltd., and Director of Kingston Flour Mills Ltd. and Infinite CR Strips Industries Ltd. She is a sponsor shareholder of First Security Islami Bank Ltd., reinforcing the Group’s presence in brokerage and investment services.

This cluster of directors extends S. Alam Group’s capabilities into textiles, petrochemicals, flour milling and capital markets, broadening revenue streams and giving investors exposure to multiple segments of Bangladesh’s growth story.

Integrated Presence in Banking, Insurance and Capital Markets

A defining feature of S. Alam Group’s Board is its dense network of leadership and sponsor shareholdings across the financial sector. The Board collectively holds senior positions and sponsor stakes in:

• Islamic commercial banks, including First Security Islami Bank Ltd., Al-Arafa Islami Bank Ltd. and Union Bank Limited.
• Non-bank financial institutions, notably Reliance Finance Ltd.
• Stock brokerage and merchant banking entities, such as First Security Islami Capital & Investment Ltd., Reliance Brokerage Services Ltd., AIBL Capital Market Services Ltd., Unique Investment & Securities Ltd., Times Securities Ltd. and Lion Securities & Investment Ltd.
• Insurance companies, including Northern General Insurance Company Limited and Padma Islami Life Insurance Ltd.

For investors, this integrated financial presence offers several benefits:

• Efficient capital mobilisation for large industrial and infrastructure projects.
• Improved access to Shariah-compliant products, aligning with the preferences of Islamic investors and markets.
• Diversified earnings sources from interest, fee income and market-based activities, alongside core manufacturing operations.
• Enhanced risk management through insurance and capital market instruments.

Because many of these institutions count S. Alam Group board members as chairmen, directors or sponsor shareholders, the alignment between financing strategies and operational priorities is particularly strong.

Power Generation and Sino–Bangladesh Joint Ventures

Power generation is a strategic pillar for S. Alam Group, and the Board plays a hands-on role in guiding energy investments, especially in joint-venture SPVs with Chinese partners.

Key entities include:

• SS Power I Ltd.– an IPP coal power generation company structured as a Sino–Bangladesh joint-venture SPV. Multiple board members, including Mohammed Saiful Alam, Abdus Samad, Engr. Shahidul Alam, Ms. Farzana Parveen and others, serve as Chairman or Directors, underlining its strategic importance.
• C & H Power Management Co. Ltd.– a joint-venture SPV associated with Chinese partners, supported by directors such as Engr. Shahidul Alam.
• S. Alam Power Plant Ltd. and S. Alam Power Generation Ltd.– domestic power assets linked to the Group’s industrial activities and wider energy needs.

These projects demonstrate the Board’s capacity to structure and oversee complex, capital-intensive assets that are critical to Bangladesh’s energy security. For investors, this signifies experience with long-term project finance, international partnerships and regulatory engagement in the power sector.

Summary of Board Composition and Sector Coverage

The table below summarises how the S. Alam Group Board of Directors connects leadership roles with key sectors, illustrating the depth and breadth of governance coverage.

How Governance Structure Supports Sustainable Growth

The S. Alam Group governance model is characterised by cross-sector integration and sponsor-driven oversight. Board members typically hold multiple roles across manufacturing companies, service providers and financial institutions. This creates a tightly coordinated ecosystem with several advantages:

• Strategic alignment– Decisions on capacity expansion, product diversification and new projects can be synchronised with financing and risk management considerations.
• Speed of execution– With decision-makers spanning both operating companies and funding channels, project approvals and implementation processes can be more streamlined.
• Resilience through diversification– Exposure to a mix of cyclical and non-cyclical sectors (such as steel and cement versus insurance and banking) helps buffer the Group against sector-specific downturns.
• Strong stakeholder networks– Participation in banks, insurance firms, media outlets and business chambers enhances the Group’s access to information, partnerships and policy dialogue.

At the same time, the Board’s emphasis on sponsor shareholdings in banks and financial entities ensures that capital allocation decisions are closely monitored by owners with long-term commitments, which is a positive signal for investors seeking stability and accountability.

Key Takeaways for Investors

For investors, financiers and strategic partners evaluating S. Alam Group, the Board of Directors presents a compelling governance story:

• The Group is founder-led, with Chairman and Managing Director Mohammed Saiful Alam providing continuity of vision across decades of expansion.
• The presence of seasoned financial leaders like Abdus Samad and other directors in banks, NBFIs and brokerage houses creates a strong platform for funding growth and managing risk.
• Functional directors oversee technical, marketing, administration, transport and commercial dimensions, ensuring that strategy translates into on-the-ground performance across steel, cement, edible oil, textiles, logistics, petrochemicals, power and services.
• Sponsor shareholdings in key banks, insurance companies and capital market intermediaries help align governance with the interests of long-term capital providers.
• The Board has a demonstrable track record in large-scale infrastructure and power projects, including Sino–Bangladesh joint-venture SPVs such as SS Power I Ltd., reinforcing its credentials in complex project development.

Taken together, the Board of Directors of S. Alam Group embodies an integrated leadership model that supports disciplined growth, diversified earnings and robust stakeholder relationships. For investors looking at Bangladesh’s evolving industrial and financial landscape, this governance structure is a core strength of S. Alam Group and a key driver of its long-term value creation potential.