Doreen Group

Doreen Group 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 its 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]