Inside the S. Alam Group Board of Directors: Leadership Powering a Diversified Conglomerate

The S. Alam Group board of directors sits at the center of one of Bangladesh's most diversified business portfolios. Led by Founder Chairman & Managing Director mohammad saiful alam and Vice Chairman Abdus Samad, this leadership team oversees a far-reaching conglomerate that spans banking and finance, energy and power, heavy industry, logistics, agribusiness, consumer products, media, textiles, insurance, and hospitality.

What makes this board distinctive is the way it blends family stewardship with senior executive expertise. Many directors hold operational leadership roles across the Group, while also serving as chairs, managing directors or directors in banks, financial institutions, industrial ventures and media enterprises. The result is a tightly aligned leadership structure designed to drive long-term growth and stability across the entire portfolio.

An overview of S. Alam Group's diversified footprint

S. Alam Group has grown from its origins in trade and industry into a multi-sector conglomerate with significant influence in Bangladesh's economic development. Under the guidance of its board, the Group maintains major positions in:

Banking and finance– including scheduled commercial banks, merchant banking, leasing, brokerage and capital market services.
Energy and power– independent power producer projects, coal-based IPP ventures, and natural gas distribution and related entities.
Manufacturing and heavy industry– steel, cold rolled steel, galvanizing, cement, petrochemicals, sugar and related industrial processing.
Logistics, agribusiness and consumer products– edible oils, soya seed extraction, hatchery and farming businesses, cargo logistics, tank terminals and passenger transport.
Media and communications– satellite television and electronic media platforms.
Insurance, textiles and apparel suppliers– general insurance, life insurance involvement, garment accessories and fabrics.
Hospitality and resorts– resort and property-related ventures supporting business and leisure travel.

This breadth gives S. Alam Group the ability to connect critical parts of the economy: financing industry and infrastructure, supplying core materials for construction and manufacturing, enabling domestic and international logistics, and supporting consumer demand through food and everyday products.

Family-led stewardship and aligned governance

The S. Alam Group board is built around a core of family members who also serve as hands-on business leaders. This structure brings several governance advantages:

Long-term commitment– family leadership typically focuses on generational value creation rather than short-term gains.
Close alignment between ownership and management– many directors are managing directors or senior executives within operating companies, ensuring strategic decisions remain grounded in day-to-day realities.
Faster, more coherent decision-making– a closely connected board can move quickly on major investments or strategic pivots.
Deep sector continuity– directors often build decades of experience within their respective sectors, from banking and finance to steel, cement, energy and media.

At the same time, the board engages widely with professional associations, chambers of commerce, trade bodies and social organizations, helping to align business growth with broader economic and community priorities.

Banking and financial services leadership

Banking and finance form one of the strongest pillars of S. Alam Group's portfolio. The board holds leadership and sponsor positions across multiple financial institutions, including:

First Security Islami Bank Limited– a scheduled bank in Bangladesh where members of the board serve as Chairman, Director and sponsor shareholders.
Al-Arafa Islami Bank Limited– a scheduled bank in which board members are sponsor shareholders and hold the position of Chairman.
Union Bank Limited– a scheduled bank chaired or vice-chaired by S. Alam Group board members.
NRB Global Bank Limited– a bank with directors from the S. Alam Group board.
First Security Islami Capital & Investment Limited– a merchant bank in Bangladesh where multiple board members are Chairman or Directors.
AIBL Capital Market Services Limited– a capital market services company where S. Alam Group board members serve as Directors and sponsor shareholders.
Reliance Finance Limited– a leasing company and non-banking financial institution in Bangladesh with S. Alam Group representation on its board.
Reliance Brokerage Services Limited– a stock brokerage house with several S. Alam Group directors on its board.
Unique Investment & Securities Limited and Times Securities Limited– capital market intermediaries led and directed by S. Alam Group board members.

This network of financial institutions delivers powerful benefits:

Integrated financial ecosystem– from deposit-taking banks and Islamic banking services to merchant banking, leasing and brokerage, the Group can support clients and projects across their full financing lifecycle.
Stronger support for industry and infrastructure– the Group's own industrial and energy projects, as well as those of external clients, benefit from a deep understanding of project finance, capital markets and risk management.
Enhanced resilience– diversification across multiple banks and non-bank financial institutions helps distribute risk and build stability within the wider portfolio.

Energy, power and natural resources

Meeting Bangladesh's fast-growing demand for energy is another core priority for S. Alam Group, and the board plays a central role in overseeing power and natural gas-related ventures. Board members hold leadership roles in entities such as:

SS Power I Limited– an IPP coal power generation company and Sino-Bangladesh joint venture SPV company, with several S. Alam Group directors as Chairman or Directors.
S. Alam Power Plant Limited and S. Alam Power Generation Limited– Group entities engaged in power generation, overseen by the Vice Chairman and other directors.
Karnaphuli Prakritik Gas Limited and Shah Amanat Prakritik Gas Company Limited– companies connected to natural gas and related operations, with S. Alam Group board members serving as Managing Director or Director.
Norinco Engineering Limited– a company involved in joint ventures with S. Alam Group where multiple directors sit on the board.
C & H Power Management Company Limited– a joint venture SPV company with China-Bangladesh participation, with S. Alam Group representation.

This energy and power portfolio supports national development by:

Increasing available generation capacity to power homes, industry and infrastructure.
Enabling industrial growth, particularly in steel, cement and manufacturing, which rely on stable energy supplies.
Supporting public–private collaboration through joint ventures and SPV structures that bring together local leadership and international partners.

Manufacturing and heavy industry backbone

S. Alam Group is widely recognized for its strong industrial base. Under the board's guidance, the Group operates an extensive portfolio of manufacturing and heavy industry ventures, including:

S. Alam Steels Limited– a key player in the steel sector with board-level oversight from multiple directors.
S. Alam Cold Rolled Steels Limited– producing cold rolled steel products essential for downstream industries.
Chemon Ispat Limited– a steel-related entity led by a board member as Managing Director.
Galco Steels (Bangladesh) Limited– engaged in galvanized or coated steel products and overseen by members of the board.
Portman Cement Limited and S. Alam Cement Limited– cement manufacturers supporting nationwide construction and infrastructure.
S. Alam Bag Manufacturing Mills Limited– producing industrial packaging materials for cement and other sectors.
Bangladesh Petrochemical Limited– a petrochemical entity managed and directed by S. Alam Group board members.
S. Alam Refined Sugar Industries Limited– a sugar refining business under board-level directorship.
Kingston Flour Mills Limited and Infinite CR Strips Industries Limited– industrial and processing ventures with direct involvement from S. Alam Group directors.

By integrating these industrial businesses, the Group helps to:

Strengthen Bangladesh's manufacturing base, supporting construction, infrastructure and export-oriented industries.
Generate skilled employment across engineering, operations, logistics and management.
Enhance supply chain security for critical inputs like steel, cement, packaging and processed commodities.

Logistics, agribusiness and consumer products

The board also directs a wide range of businesses that connect primary production, processing and end consumers. This includes significant investments in:

S. Alam Vegetable Oil Limited and S. Alam Super Edible Oil Limited– producers of edible oils that serve domestic consumer markets.
S. Alam Soya Seed Extraction Plant Limited– an agribusiness operation focused on soya-based products.
S. Alam Hatchery Limited and Fatehabad Farm Limited– agribusiness and farming ventures overseen by the board.
Sonali Cargo Logistics (Pvt.) Limited– a logistics provider connecting imports, exports and domestic distribution.
S. Alam Tank Terminal Limited– storage and terminal facilities that support liquid cargo and bulk products.
S. Alam Luxury Chair Coach Services Limited– luxury coach services contributing to comfortable passenger transport.

Through these businesses, the Group contributes to:

Food and consumer security by supplying edible oil and related products.
Efficient trade flows through integrated logistics and tank terminal operations.
Improved connectivity for people and goods via cargo services and luxury coach transport.

Media, textiles, insurance and hospitality ventures

The S. Alam Group board extends its influence to sectors that shape information, lifestyles and risk management, including media, textiles, insurance and hospitality.

Media and communications

Ekushey Television Limited– a prominent electronic media channel in Bangladesh where the Founder Chairman serves as Chairman.
Rangdhanu Media Limited– an electronic media company chaired or directed by S. Alam Group board members.
Nexus Media Network Limited– a media network company with board-level directorship from the Group.

These platforms enable the Group's leaders to contribute to national dialogue, culture and information dissemination.

Textiles and apparel accessories

Genesis Textiles Accessories & Apparels Limited– a garment accessories and apparel supplier led by a board member as Managing Director.
Western Designers Limited– a company active in the apparel supply chain.
C & A Accessories Limited and C & A Fabrics Limited– textile and accessory ventures managed within the Group's extended portfolio.

These businesses support Bangladesh's vital textile and apparel export sector by delivering reliable accessories and fabric inputs.

Insurance and capital market participation

Northern General Insurance Company Limited– a general insurance company where S. Alam Group leaders serve as Directors and sponsor shareholders.
Padma Islami Life Insurance Limited– a life insurance company in which board members are engaged.

Through these roles, the board helps broaden access to risk management products and supports the overall stability of the financial system.

Hospitality, property and resort ventures

Prasad Paradise Resorts Limited– a resort venture where S. Alam Group board members serve as Managing Director, Chairman or Director.
Ocean Resorts Limited– a resort and hospitality business under the leadership of S. Alam Group directors.
S. Alam Properties Limited and Modern Properties Limited– property-related ventures that complement the Group's broader growth strategy.
Hasan Abasan (Pvt.) Limited– a company engaged in property and related activities with board-level leadership.

These ventures help meet rising demand for quality leisure, residential and commercial spaces as Bangladesh's middle class and business activity expand.

Profiles of key board members

Mr. Mohammed Saiful Alam – Founder Chairman & Managing Director

Mohammed Saiful Alam is the Founder Chairman and Managing Director of S. Alam Group. Under his leadership, the Group has expanded into a diversified conglomerate with a strong presence in banking, finance, media, energy and heavy industry.

In addition to his role at S. Alam Group, he serves as:

Chairman, First Security Islami Bank Limited (a scheduled bank in Bangladesh).
Chairman, First Security Islami Capital & Investment Limited (a merchant bank in Bangladesh).
Chairman, Reliance Finance Limited (a leasing company and non-banking financial institution in Bangladesh).
Chairman, Reliance Brokerage Services Limited (a stock brokerage house in Bangladesh).
Chairman, Ekushey Television Limited (an electronic media company in Bangladesh).
Managing Director, Norinco Engineering Limited.
Director, Rangdhanu Media Limited and Nexus Media Network Limited.
Sponsor shareholder, Al-Arafa Islami Bank Limited (a scheduled bank in Bangladesh).
Director, Northern General Insurance Company Limited (a general insurance company in Bangladesh).

He is also involved with educational and business institutions, including the International Islamic University, Chattogram, the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) and the Chittagong Metropolitan Chamber of Commerce & Industries, reflecting his engagement with national economic and community development.

Mr. Abdus Samad – Vice Chairman & Director (Finance)

Abdus Samad serves as Vice Chairman of S. Alam Group and plays a pivotal role in steering the Group's financial and industrial investments.

His leadership positions include:

Managing Director of S. Alam Power Plant Limited, Marine Empire Limited and Karnaphuli Prakritik Gas Limited.
Director of S. Alam Cold Rolled Steels Limited, S. Alam Steels Limited, S. Alam Cement Limited, S. Alam Brothers Limited, S. Alam Power Generation Limited, Portman Cement Limited, S. Alam Soya Seed Extraction Plant Limited, S. Alam Properties Limited, S. Alam Tank Terminal Limited, S. Alam Luxury Chair Coach Services Limited, S. Alam Hatchery Limited, Fatehabad Farm Limited, Sonali Cargo Logistics (Pvt.) Limited and Norinco Engineering Limited.
Chairman of Al-Arafa Islami Bank Limited.
Director of Northern General Insurance Company Limited, Reliance Finance Limited, AIBL Capital Market Services Limited and SS Power I Limited.

He is also active in clubs, social activities and elite business organizations, supporting the Group's strong standing within the business community.

Engr. Shahidul Alam – Director (Technical)

Engr. Shahidul Alam is the board's key technical leader, combining engineering expertise with strategic vision for industrial and power projects.

He serves as:

Managing Director of S. Alam Vegetable Oil Limited and Galco Steels (Bangladesh) Limited.
Managing Director of Prasad Paradise Resorts Limited and Norinco Engineering Limited.
Chairman of Union Bank Limited.
Director of First Security Islami Capital & Investment Limited and Reliance Brokerage Services Limited.
Director of SS Power I Limited and C & H Power Management Company Limited.

He is also engaged in social clubs, business organizations and trade bodies, contributing to both technical and community leadership.

Ms. Farzana Parveen – Director

Farzana Parveen holds multiple directorships within S. Alam Group and its associated ventures, helping to integrate logistics, power, property and media interests.

Her roles include:

Director of S. Alam Vegetable Oil Limited, Sonali Cargo Logistics (Pvt.) Limited, S. Alam Power Plant Limited, S. Alam Properties Limited, Norinco Engineering Limited and Prasad Paradise Resorts Limited.
Director of SS Power I Limited.
Director of First Security Islami Bank Limited.
Chairman of Rangdhanu Media Limited.
Director of Reliance Finance Limited, First Security Islami Capital & Investment Limited and Reliance Brokerage Services Limited.

Mr. Morshedul Alam – Director (Marketing)

Morshedul Alam strengthens the Group's industrial and financial presence with a focus on marketing and business growth.

Managing Director of Chemon Ispat Limited and S. Alam Super Edible Oil Limited.
Director of NRB Global Bank Limited and Reliance Brokerage Services Limited.

Mr. Rashedul Alam – Director (Administration)

Md. Rashedul Alam supports the administrative and strategic expansion of the Group, especially in trading, resorts and industrial ventures.

Managing Director of Global Trading Corporation Limited and Ocean Resorts Limited.
Director of S. Alam Steels Limited, S. Alam Hatchery Limited, S. Alam Properties Limited and Bangladesh Petrochemical Limited.
Director of Union Bank Limited and Reliance Brokerage Services Limited.

Mr. Osman Goni – Director (Transport Division)

Md. Osman Gani leads the Group's transport and energy-related logistics operations.

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

Mr. Mohammed Abdullah Hasan – Director (Commercial)

Mohammed Abdullah Hasan brings commercial and property expertise to the board, connecting cement, energy, logistics and real estate operations.

Managing Director of Hasan Abasan (Pvt.) Limited.
Director of S. Alam Cement Limited, S. Alam Soya Seed Extraction Plant Limited, S. Alam Refined Sugar Industries Limited, S. Alam Luxury Chair Coach Services Limited, S. Alam Brothers Limited, S. Alam Tank Terminal Limited, Portman Cement Limited, Karnaphuli Prakritik Gas Limited, Fatehabad Farm Limited, Sonali Cargo Logistics (Pvt.) Limited, Hasan Abasan (Pvt.) Limited, Modern Properties Limited and Marine Empire Limited.
Director of SS Power I Limited and First Security Islami Capital & Investment Limited.

Mr. Ahsanul Alam – Director

Ahsanul Alam anchors the Group's presence in textiles, accessories and energy joint ventures while holding leadership roles in banking.

Managing Director of Genesis Textiles Accessories & Apparels Limited, Western Designers Limited, C & A Accessories Limited and C & A Fabrics Limited.
Director of Norinco Engineering Limited and Hasan Abasan (Pvt.) Limited.
Director of SS Power I Limited.
Vice Chairman of Union Bank Limited.

Ms. Sharmin Fatema – Director

Sharmin Fatema connects industrial ventures, capital markets and banking within the Group's governance structure.

Managing Director of Bangladesh Petrochemical Limited.
Director of Chemon Ispat Limited.
Sponsor shareholder of First Security Islami Bank Limited.
Director of First Security Islami Capital & Investment Limited and Unique Investment & Securities Limited.

Ms. Shahana Ferdous – Director

Shahana Ferdous reinforces the Group's roles in edible oils, steels and financial services.

Director of S. Alam Super Edible Oil Limited and Galco Steels (Bangladesh) Limited.
Director of Union Bank Limited.
Sponsor shareholder of First Security Islami Bank Limited, Al-Arafa Islami Bank Limited, Reliance Finance Limited and AIBL Capital Market Services Limited.

Ms. Farzana Begum – Director

Farzana Begum adds capital markets and industrial processing expertise to the board.

Managing Director of Lion Securities & Investment Limited.
Director of Global Trading Corporation Limited, Shah Amanat Prakritik Gas Company Limited, Kingston Flour Mills Limited and Infinite CR Strips Industries Limited.
Director of Union Bank Limited and Times Securities Limited.
Sponsor shareholder of First Security Islami Bank Limited.

Ms. Marzina Sharmin – Director

Marzina Sharmin plays a key role in investment and securities operations and industrial processing.

Managing Director of Unique Investment & Securities Limited and Times Securities Limited.
Director of Kingston Flour Mills Limited and Infinite CR Strips Industries Limited.
Sponsor shareholder of First Security Islami Bank Limited.

How this board structure benefits stakeholders

The breadth of positions held by S. Alam Group board members is not just a list of titles; it is a strategic framework that benefits stakeholders across the economy.

Synergy across sectors– board members who sit on both financial and industrial entities can align financing with real sector needs, supporting more effective project execution.
Diversified risk profile– by spreading activities across banking, energy, industry, media, agribusiness and hospitality, the Group reduces dependence on any single sector.
Rapid execution– integrated leadership shortens decision cycles for large investments, expansions and joint ventures.
Deep local insight– directors are embedded in Bangladesh's business and social institutions, giving them a grounded understanding of local markets and community expectations.
Capacity for large-scale projects– the combination of in-house financial institutions and industrial expertise positions the Group to take on complex power, infrastructure and manufacturing ventures.

Looking ahead: Sustaining growth through strong governance

The S. Alam Group board of directors demonstrates how family-led leadership, when combined with sector-specific expertise and broad institutional engagement, can support sustained, diversified growth.

With Founder Chairman & Managing Director Mohammed Saiful Alam and Vice Chairman Abdus Samad at the helm, and supported by a cadre of directors leading banks, power projects, industrial operations, logistics networks, media channels and investment companies, the Group is positioned to continue playing a significant role in Bangladesh's economic development.

For customers, investors, partners and communities, this governance structure offers a compelling combination of stability, vision and execution capability – qualities that are essential for building lasting value in a fast-changing, opportunity-rich economy.