Doreen Group

Doreen Group
Formation1979
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Websitedoreen.com

Doreen Group (Bengali: ডোরিন গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka.[1] Nur-E-Alam Siddique is chairperson of the group. Parveen Alam Siddique is the senior vice chairperson. Tahzeeb Alam Siddique is the managing director and Tanzeer Alam Siddique is the vice-chairperson.[2]

History

Doreen Group was founded Nur-E-Alam Siddique, member of the first parliament of Bangladesh from Jessore-2.[3][2]

Doreen Group founded Doreen Capital Management in 1975.[4]

Doreen Group founded M.N. Nabi Textiles Limited in 1985.[5]

Doreen Group founded Eastern Cement in 1999.[6]

On 20 August 2007, Doreen Group founded Doreen Power Generations and Systems Limited.[7]

In May 2008, National Credit and Commerce Bank announced that it will fund three power plants of Doreen Power Generations and Systems Limited.[8] On 28 December 2008, it opened a 22-megawatt power plant in Tangail District.[9]

Doreen Tower was inaugurated in 2008.[10] The Daily Star reported on 10 December 2011 that Doreen Tower of Doreen Group in Gulshan-2 was built in violation of rules and regulations. It violated it's building permit by building it 150 feet higher than the permit allowed.[11] Doreen Tower is 27 storeys high and has only one staircase and lift.[12]

Doreen Group established VRL Studio in 2016.[13] In April 2016, offloaded shares of Doreen Power Generations and Systems on the Dhaka Stock Exchange and raised 580 million taka.[14] In September 2016, Bangladesh Power Development Board provided permission to Doreen power plant in Manikganj District.[15]

Doreen Group founded Imperial Automobiles in 2017.[16] In April 2017, the Government of Bangladesh provided permission to Doreen Power Generation & Systems and Doreen Power House & Tech to build a 115MW rental power plant in Chandpur District.[17] City Bank limited financed the construction of 53.9-megawatt power plant in Munshiganj District with US$26 million on 26 December 2017.[18][19][20]

On 16 August 2018, Bangladesh Securities and Exchange Commission fined seven staff Doreen Power for insider trading on Dhaka Stock Exchange.[21]

In May 2020, garments workers of factories in Savar owned by Doreen Group protested demanding full payment of their wages. They had been paid half wages due to the COVID-19 pandemic in Bangladesh according to management.[22]

In January 2021, Doreen Power was one of few energy companies to see a rise in income amids the COVID-19 pandemic in Bangladesh.[23]

Businesses

  • Eastern Cement Industries Limited[6]
  • Doreen Developments[24]
  • Doreen Hotels & Resorts[25]
  • The Flair restaurant[26]
  • Doreen Tower[26]
  • Doreen Power Generations and Systems Limited[7]
  • Doreen Power House & Tech[17]
  • Dhaka Northern Power Generations Limited[15]
  • Chandpur Power Generations Limited[27]
  • Doreen Engineering and Construction Limited[28]
  • Doreen Capital Management[4]
  • Doreen Management Services[29]
  • Imperial Automobiles[16]
  • M.N. Nabi Textiles Limited[5]
  • Doreen garment Limited (Doreen Apparels Limited, N Neher Textile Limited, and SOB Apparels Limited.)[30]
  • AVALON[31]
  • VRL Studio[13]

References

  1. ^ "Welcome To Doreen". doreen.com. Retrieved 2021-05-10.
  2. ^ a b "Welcome To Doreen". doreen.com. Retrieved 2021-05-10.
  3. ^ "List of first parliamentary members" (PDF). Bangladesh Parliament (in Bengali). Archived (PDF) from the original on 2018-09-09.
  4. ^ a b "Doreen Capital Management". Retrieved 2021-05-10.
  5. ^ a b "NabiTextile – M.N Nabi Textiles Ltd | A concern of Doreen". Retrieved 2021-05-10.
  6. ^ a b adminecil. "Eastern Cement Industries Ltd – Eastern Cement Industries Ltd | A Concern of Doreen". Retrieved 2021-05-10.
  7. ^ a b "Doreen Power Generations and Systems Limited". www.doreenpower.com. Retrieved 2021-05-10.
  8. ^ "New funding method for power plants". The Daily Star. 2008-05-16. Retrieved 2021-05-10.
  9. ^ "Dorin power plant opens in Tangail". The Daily Star. 2008-11-28. Retrieved 2021-05-10.
  10. ^ "The Daily Star Web Edition Vol. 5 Num 1076". The Daily Star. Retrieved 2021-05-10.
  11. ^ "Rising High flouting rules". The Daily Star. 2011-12-10. Retrieved 2021-05-10.
  12. ^ "Dangers lurk in city skyscrapers". The Daily Star. 2009-03-15. Retrieved 2021-05-10.
  13. ^ a b "VRL Studio | A Concern of Doreen | Leading architect firm in Bangladesh". VRL Studio. Retrieved 2021-05-10.
  14. ^ "Doreen shares treble on debut". The Daily Star. 2016-04-07. Retrieved 2021-05-10.
  15. ^ a b "Dhaka Northern Power eyes Tk 313cr in revenue". The Daily Star. 2016-09-30. Retrieved 2021-05-10.
  16. ^ a b "imperial-automobiles – A concern of Doreen". Retrieved 2021-05-10.
  17. ^ a b "Major power deals get green light". The Daily Star. 2017-04-06. Retrieved 2021-05-10.
  18. ^ "City Bank raises $26m for Doreen Power". The Daily Star. 2017-12-26. Retrieved 2021-05-10.
  19. ^ "City Bank arranges $26m debt financing for Doreen Group". The Financial Express. Archived from the original on 2021-05-10. Retrieved 2021-05-10.
  20. ^ "City Bank arranges financing for Doreen Group power plant". Prothom Alo. Archived from the original on 2021-05-10. Retrieved 2021-05-10.
  21. ^ "BSEC fines 7 Doreen Power officials for insider trading". The Daily Star. 2018-08-16. Retrieved 2021-05-10.
  22. ^ "RMG workers continue protests for due wages in 4 districts". Dhaka Tribune. 2020-05-10. Retrieved 2021-05-10.
  23. ^ "Fuel, power companies lose profitability". The Daily Star. 2021-01-29. Retrieved 2021-05-10.
  24. ^ "Doreen Developments Ltd | Leading Real Estate Company in Bangladesh". Doreen Development. Retrieved 2021-05-10.
  25. ^ "Home". Doreen Hotel. Retrieved 2021-05-10.
  26. ^ a b "Doreen Hotels & Resorts offers 'Signatures of Chef Kaique'". The Daily Star. 2021-03-15. Retrieved 2021-05-10.
  27. ^ "Dhaka Bank Signed Term Sheet With Doreen Group". Dhaka Bank | Excellence in Banking. 2017-10-05. Retrieved 2021-05-10.
  28. ^ "Doreen Engineering & Construction Ltd. – | Leading Bangladeshi structural and civil engineering construction company in Bangladesh". Retrieved 2021-05-10.
  29. ^ "Welcome To Doreen". doreen.com. Retrieved 2021-05-10.
  30. ^ "Doreen Garments – One of the pioneers in the garments sector of Bangladesh". Retrieved 2021-05-10.
  31. ^ "Avalon International – Fine Food Products Importer for Bangladesh". Retrieved 2021-05-10.