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Summit Group signs deal with Petrobangla to build $500m LNG Terminal

January 2017

Daily Star Business Report:

"Summit Group has signed an initial contract with Petrobangla to set up a liquefied natural gas terminal on Moheshkhali Island in Cox's Bazar at a cost of about $500 million.

Summit LNG Terminal Company, a unit of Summit Group, will develop the floating facilities in 18 months after signing the final contract, the company said in a statement yesterday.

Energy Secretary Nazimuddin Chowdhury, Petrobangla Chairman Abul Mansur Md Faizullah, Summit Group Chairman Muhammed Aziz Khan, Vice-Chairmen Md Latif Khan and Md Farid Khan and General Electric's Infrastructure Director Peter Mackey were present at the signing of the initial agreement at Petrobangla in Dhaka on Tuesday.

The floating terminal will supply 500 million cubic feet of natural gas per day. The LNG will cost the government $0.45 per 1,000 cubic feet of natural gas. Summit will transfer the facilities to Petrobangla after operating it for 15 years.

Summit will implement the project jointly with US-based GE as equity investment partner, and plans to implement the LNG terminal project with its own funds.

“We want to ensure constant supply of primary energy for the country by implementing this project,” said Aziz Khan.

LNG will be the easiest, most cost-effective, environment-friendly and quickest solution to meet the primary fuel demand as the current supply of gas will start declining in 2018, he said.

Khan also said the floating terminal will help Summit implement a large gas-based power plant, having a capacity of generating 600 megawatts of electricity.

This is the third LNG-related agreement the government has signed so far.

In December, Petrobangla signed an initial agreement with India's energy company Petronet to set up an LNG re-gasification terminal on Kutubdia Island and a pipeline at an estimated cost of $950 million.

In July, the state-run corporation and US-based Excelerate Energy signed the final deals to set up Bangladesh's first LNG terminal, which will handle imported LNG and supply it to the national grid from early 2018.

The terminal will be set up at Moheshkhali in the Bay of Bengal.

Bangladesh is looking outside to ease its energy shortage largely caused by depleting domestic reserves and rising demand. Gas supply stands at about 2,700 MMCFD against the demand for 3,300 MMCFD.

The government aims to set up four land-based LNG terminals and one or two floating storage and re-gasification units."

(Source: Daily Star, Business Section, Page 1, January 5th, 2017)

 

Press Coverage:

Daily Star, Business Section, Pg 1, January 5th, 2017

Prothom Alo, Pg 12, January 5th, 2017

Financial Express, Pg 17, January 5th, 2017

Bonik Barta, Pg 12, January 5th, 2017

New Age, Business Section, January 4th, 2017

Daily Sun, Business Section, Pg 1, January 4th, 2017

 

SAPL's Inland Water Container Terminal commences operation

January 2017

Summit Alliance Port Limited’s (SAPL) private Inland Water Container Terminal located at Narayanganj, commenced trial operations on 28th December, 2016 when an Export Container carrying cargo belonging to Marks & Spencer and facilitated by APL Logistics was loaded on a specialized vessel bound for Chittagong Port.

A small ceremony involving all the stakeholders for the trial shipment was arranged at the Terminal to mark this historic event, where, for the 1st time in the country's history, an export container was transported by inland waterways.

Mr. Hossain Ahmed (Commissioner, Pangaon Customs House), Mr. Ameen Ur Rahman (Senior Operation Manager, Marks & Spencer), Ms. Farida Yesmin Rakhi (Customer Service Manager, APL Logistics), Mr. Md Nazrul Islam (Cluster Manager, Safmarine) and Sr. Officials of Summit Alliance Port were present during the event.

With a capacity to handle 120,000 TEUs annually the Terminal will help shift cargo movement from the Dhaka - Chittagong Highway to a more environmentally friendly mode of transportation by minimizing carbon footprint emission as well as providing a secure and reliable route by using the inland waterways.


Press Coverage:

Daily Star, Business Pg 2, January 5th, 2017

Prothom Alo, Pg 16, January 7th, 2017

Summit Group Chairman featured in Exclusive Interview on ICE Business Times Cover Story

January 2017

Summit Group Chairman Mr. Muhammed Aziz Khan has been featured in an Exclusive Interview and Cover Story on the business and corporate news magazine, ICE Business Times (January 2017 issue). The interview features Mr. Muhammed Aziz Khan and Summit's story since its inception, his experience as an entrepreneur, his views on the economic landscape of the country, and his vision about Summit's future.

Link to the Interview on Ice Business Times

Link to the Ice Business Times January 2017 Issue

Ayesha Aziz Khan featured on Daily Ittefaq's Special Anniversary Supplement

December 2016

Summit Group Director Ms. Ayesha Aziz Khan was featured on a full-page exclusive report on the Daily Ittefaq's special anniversary supplement on 28th December, 2016.

She was featured as one of the highest achievers of the country, successfully leading in various sectors of development of Bangladesh. Ms. Khan's perseverance in establishing bigger power plants, achievements and visions for future projects are portrayed in the report.

Ittefaq, Special Anniversary Supplement, Pg 8, December 28th, 2016

7th Summit Open and 21st Summit Cup Golf Tournament 2016 held at KGC

December 2016

The 7th Summit Open and 21st Summit Cup Golf Tournament 2016 was held at Kurmitola Golf Club (KGC) from 18th - 23rd December. The inauguration ceremony of the 21st Summit Cup Golf Tournament 2016 was held on the morning of December 23rd, and the grand Prize Giving ceremony was held at KGC on December 23rd evening, at 7:30 pm. Lieutenant General Sabbir Ahmed, OSP, SGP, ndc, psc, Chief of General Staff (CGS), Bangladesh Army was the Chief Guest at the inauguration ceremony and the prize giving ceremony along with other respected guests present.

Previously, on December 21st, Lt. Col. (Retd.) Md. Faruk Khan, MP, Chairman of Parliamentary Standing Committee on Ministry of Civil Aviation and Tourism handed over prizes among the winners as chief guest of the 7th Summit Open Golf Tournament 2016 at Kurmitola Golf Club. Mr. Asif Ibrahim, President, Bangladesh Professional Golfers’ Association (BPGA), Mr. Md. Farid Khan, Vice-Chairman, Summit Group, Bangladeshi golfing icon Mr. Siddikur Rahman and other esteemed guests were present at the occasion. Around 700 golfers participated in the 7th Summit Open and 21st Summit Cup Golf Tournament 2016, from 18th – 23rd December, at Kurmitola Golf Club, sponsored by Summit Group.

17th AGM of BAPLC chaired by BAPLC President, Mr. Muhammed Aziz Khan, Chairman, Summit Power Ltd.

December 2016

The 17th Annual General Meeting of the Bangladesh Association of Publicly Listed Companies (BAPLC) was held on December 19th, at Gulshan Club, Dhaka. This was the first AGM of the BAPLC organized by the current Executive Committee (for the two-year term 2016-2017). The AGM was chaired by BAPLC President, Mr. Muhammed Aziz Khan, Chairman, Summit Power Ltd. Also present were Vice-President Mr. Anis A. Khan, Managing Director & CEO, Mutual Trust Bank Ltd. and previous Executive Committee President Mr. Tapan Chowdhury, MD and CEO of Square Textiles Ltd along with other members of the Executive Committee and the Association. The Annual Report and audited Financial Statements of the Executive Committee for the previous financial year were adopted and auditors for the next year were appointed at the AGM. BAPLC is the top organizing body of the Companies listed with the Stock Exchanges of Bangladesh.

Summit Corporation Limited receives “AAA” credit rating for the 2nd consecutive year

December, 2016

Summit Corporation Limited has been awarded ‘AAA’ Long Term rating and Short Term rating of ‘ST-1’ by Credit Rating Information & Services Ltd. (CRISL) for the second consecutive year, once again reaffirming its position as one of the leading investment companies in Bangladesh.

The ‘AAA’ rating is a reflection of Summit’s strong equity base, good return on investment, stable and growing earnings prospects, excellent operating performance of the project companies, continuous debt repayment capacity, high franchise value of Summit Group and an experienced top management team.


“A Summit Power Plant becomes the Best 4th time in a row!”

December, 2016

“Summit Barisal Power Limited (SBPL)”, a subsidiary of Summit Group, has once again been awarded the "Best Private Sector Power Generation Unit" Award during the “Power and Energy Week 2016”. This is the 4th year in a row that a Summit Group subsidiary is receiving the award. The award was received from the Honourable Prime Minister by Summit Group Chairman Mr. Muhammed Aziz Khan during the inauguration ceremony of the Power and Energy Week 2016 on December 7th morning at the International Convention City Bashundhara.

The three other Summit Group subsidiaries which have received the “Best Power Generation Project” award were Summit Purbanchal Power Company Ltd. in 2013 from the Prime Minister, and Summit Meghnaghat Power Company Ltd. in 2014 and Summit Bibiyana II Power Company Ltd. in 2015 from the President respectively.

This year's "Best Private Sector Power Generation Unit" award recipient, Summit Barisal Power Ltd., has been playing an important role in reducing electricity shortage in the southern districts since it came into operation. The 110 MW IPP Power Plant achieved its Commercial Operation Date (COD) on 5th April 2016, two months ahead of proposed schedule according to the contract signed between Bangladesh Power Development Board (BPDB) and SBPL. The plant is now providing 110 MW of electricity to the national grid as per the contract and contributing substantially to meet the demand of electricity of the greater Barisal region (150 MW). Specially, an increased number of small and medium sized entrepreneurs and businesses in the region are receiving uninterrupted electricity, which has been a boost to their economic activities and leading to an overall improvement in their standard of living.

The plant is situated on the northeastern bank of Kirtonkhola river in Barisal and equipped with the most efficient Heavy Fuel Oil (HFO) Engines made by world-renowned Wartsila Finland. Summit Oil and Shipping Company Limited (SOSCL) imports and supplies the HFO for the plant. A 7000 MT on-site capacity storage tank facility has been constructed to store HFO which will be sufficient to run the plant for 15 days at a stretch. The fuel is unloaded to the plant’s own jetty constructed by SOSCL adjacent to the plant. Since it started operation, the power plant has been running with above 92% plant factor and maintaining plant availability of 97 %, securing its place among the world’s most efficient power plants.

The complete process of design and construction of the BDT 575 crore Summit Barisal Power Limited project has been implemented under the direct supervision of Wartsila Finland. 70% of the project cost is financed by foreign loans (Islamic Corporation for Development of the Private Sector (ICD), a member organization of the Islamic Development Bank (IsDB) Group and the Infrastructure Development Company Limited (IDCOL). The emission level is restricted to a minimum with the approval of the Department of Environment.

 

Please find the links below to some of the news coverage:

Prothom Alo, Pg 17

Kaler Kantho, Pg 4

Financial Express, Pg 9

New Age, B4

Summit Group Chairman in an Exclusive Interview on Bonik Barta, Dec 1st, 2016

December 1st, 2016

An exclusive interview of Mr. Muhammed Aziz Khan, Chairman, Summit Group has been published in the national daily Bonik Barta, December 1st edition.

The interview contains insights about Bangladesh's economic development, regional development, scope for investment, and Summit's future plans.

Please click here to read - Bonik Barta, December 1st, Back Cover, Pg 16

Summit DRU Media Cup Cricket - 2016 held at the Maulana Bhashani Hockey Stadium

November 2016

The Summit DRU Media Cup Cricket - 2016 was held recently at the Maulana Bhashani Hockey Stadium.

The DRU Media Cup Cricket Tournament is a much awaited annual sporting event for the members of the press and media of the nation. Every year, more than 40 media outlets participate in this tournament, which becomes more than just a sporting event. Rather, it is a grand gathering of the press and media community with a festive mood and a bit of friendly competition.

This year, Summit became the Title Sponsor of the event. The highest number of teams, around 50 teams (major media outlets including press, online, & television) participated this year. The tournament has been a week-long event from 30th Oct till 5th Nov, played at Maulana Bhashani Hockey Stadium. Hon'ble State Minister, Ministry of Labour and Employment, Mr. Mujibul Haque Chunnu inaugurated the Tournament on October 30th morning at a festive Inauguration Ceremony with a gathering of many of the members of the press and media community.

The Semi-Final and Final Matches, and the Prize Giving Ceremony of the Summit DRU Media Cup Cricket – 2016 were held on November 5th at the Maulana Bhashani Hockey Stadium.

Honourable Guests present at the Prize Giving Ceremony included:

- Mr. Anwar Hossain Manju, Hon'ble Minister, Ministry of Environment and Forest

- Mr. Gazi Ashraf Hossain Lipu, Former National Cricket Team Captain

- Mr. Muhammad Farid Khan, Vice Chairman, Summit Group

Please find the links below to some of the news coverage:

Ittefaq

Alokito Shomoy

Inqilab

Bangla Tribune

Daily Sun

Summit Group Chairman in an Exclusive Interview on Channel 24 Special Business Show “Towards Growth”

October 2016

Mr. Muhammed Aziz Khan, Chairman, Summit Group, was interviewed exclusively on a Special Business Show "Towards Growth" of Channel 24 , aired on Wednesday, 26th October, 2016 at 08:30 pm BST. Mr. Khan shared his thoughts and views on his Life, Business and Future Plans in a 35-min long show.

Click here to watch the full show on YouTube

Summit Power Ltd. wins ICMAB Best Corporate Award 2015, for the 4th time in a row

October, 2016

Summit Power Limited has once again been awarded the 1st position at the ICMAB Best Corporate Award 2015 in the power generation category. This is the 4th time in a row that Summit Power Limited has received this recognition from the Institute of Cost and Management Accountants of Bangladesh (ICMAB).

Mr. Muhammed Aziz Khan, Chairman, Summit Group and Lt. Gen. (Retd.) Abdul Wadud, Managing Director, Summit Power Ltd. received the award from the Chief Guest, Honorable Finance Minister Mr. A.M.A. Muhith, at an award ceremony at the Grand Ball Room at Sonargaon Hotel on Wednesday evening, October 26th, 2016. Also present at the occasion were senior officials of Summit Power Ltd. including Vice Chairman Mr. Md. Latif Khan, Director Salman Khan and Company Secretary Mr. Swapon Kumar Pal.

Speaking on behalf of the award recipients, Summit Group Chairman Mr. Muhammed Aziz Khan thanked the ICMAB for this great initiative, which has inspired Summit to practice greater transparency, accountability, corporate social responsibility, continue the company’s business growth and ensure overall good corporate governance, shaping Summit to be competitive on the global market. Mr. Khan also thanked the Honourable Finance Minister Mr. Abul Maal Abdul Muhith for his excellent leadership, which has transformed Bangladesh into a lower-middle income country, GDP has increased to over 7%, and the country is moving towards becoming a great destination for foreign investment and business, and towards becoming a future economic power.

Please find the links below to some of the news coverage:

Prothom Alo

Daily Sun

Bonik Barta, Pg 12, Oct 28th

Energy Bangla

thereport24.com

Summit takes over operations of Bibiyana II Power Plant from Chinese EPC Contractor NEPC

September 2016

Operation of Summit Bibiyana II Power Plant has been officially handed over by the Chinese EPC Contractor The First Northeast Electric Power Engineering Corporation (NEPC) to Summit Group, after completion of the engineering, procurement and construction phase.

Summit Bibiyana II uses state of the art equipment, and offers the lowest electricity tariff in the country. It is one of the most efficient and environment-friendly power plants in the world from fuel-efficiency and climate change perspectives. The plant is fully operational and has achieved Combined Cycle Operation Date on December 26th, 2015, significantly ahead of proposed timeline.

Summit Group representatives present at the ceremony included Muhammed Aziz Khan (Chairman, Summit Group), Faisal Karim Khan (Director, Summit Group), S. M. Noor Uddin (CEO & Director, Summit Bibiyana II Power Company Ltd), A. N. M. Tariqur Rashid (CEO & Director, Summit Meghnaghat Power Company Ltd.). The NEPC and NEPCS representatives present included Liu Yanbing (Vice-President, NEPC), Charlie Cha (Company Consultant, NEPCS), and Wang Caiquan (Chief Engineer, NEPC).

Please find the links below to some of the news coverage:

Summit announces significant international investment to grow Bangladesh’s power generation capacity

September 2016

Summit Group announces significant international investment to grow Bangladesh’s power generation capacity

The Summit Group is pleased to announce that International Finance Corporation (IFC), a member of the World Bank Group, IFC Emerging Asia Fund, an investment fund managed by IFC Asset Management Company, and EMA Power, a joint venture between Daelim Energy and the Islamic Development Bank (IDB) Infrastructure Fund II, have together invested approximately US$175.5 million to finance the Summit Group's growing power generation portfolio in Bangladesh.

Bangladesh is one of the fastest growing Asian economies (2015 GDP growth of 6.6%) yet suffers from acute power shortages resulting in nearly 26% of the 160 million population not having access to grid-connected electricity. The Government of Bangladesh has shown continued commitment to supporting and developing the power sector as it is vital to the country’s economy and sustained growth.

This transaction will enable the Summit Group to further invest in new electricity generation plants. Summit’s projects in pipeline includes a 750 MW LNG based power plant, a 350 MW dual fuel combined cycle power plant and a 150 MW HFO based power plant, which will help address the critical electricity supply and demand gap and send a positive signal to future investors. The investment, via a newly set up Singapore company, Power International, is part of the Summit Group’s plans for raising funds from international markets, and shows the commitment that these investors have to the Summit Group and Bangladesh.

The Summit Group currently has approximately 1500 MW of power generation capacity and is the largest independent power producer in Bangladesh, operating about 9% of the country’s installed generation capacity, 19% of capacity owned and operated by the private sector, and generating about 15% of overall output in the country in 2015.  Its most recently developed power plants, Summit Bibiyana 2 (341MW combined cycle gas turbine) and Summit Meghnaghat (337MW combined cycle gas turbine with dual fuel capabilities), are equipped with GE turbines thereby providing efficient sources of power, competitive in the merit order dispatch.  Both projects successfully attracted international debt financing from institutions such as IFC; IDB; DEG of Germany; FMO of Netherlands; CDC of UK; and Standard Chartered Bank.

About the Investors

IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

IFC AMC

IFC Asset Management Company LLC (AMC), a wholly-owned subsidiary of IFC, invests third party capital, enabling investors to benefit from IFC’s expertise in achieving strong equity returns, as well as positive development impact in the countries in which it invests. As of July 2016, AMC has raised $9.1 billion of capital across 13 investment funds. For more information, visit www.ifcamc.org.

EMA Power Investment Limited

EMA Power Investment Limited is a joint venture between Daelim Energy Co., Ltd. and the Islamic Development Bank Infrastructure Fund II. Established in DIFC, Dubai in April 2016, the purpose of EMA Power is to invest and own power generation assets in the IDB member countries.

IDB Infrastructure Fund II and ASMA Capital Partners

Established in 2014, the IDB Infrastructure Fund II, with a target size of US$2 billion, provides an efficient investment vehicle for global and regional investors to capitalize on the infrastructure investment opportunities across Asia, the Middle East and Africa. The IDB Infrastructure Fund II is the successor to the US$730 million IDB Infrastructure Fund L.P. which made significant investments in power, energy, transportation, telecommunications and mining sectors across the Islamic countries.

ASMA Capital Partners B.S.C (c), fund manager of the IDB Infrastructure Fund II, is licensed and regulated by the Central Bank of Bahrain. For more information, visit www.asmacapital.com

Daelim Energy

Daelim Energy, established in 2014, is a power & energy infrastructure developer specializing in project development, capital investment, financing and technical managements in EPC and O&M.

With experienced professionals and extensive networks across the world, Daelim Energy, as a new player, has successfully diversified its power generation assets of 2.5 GW sourced by conventional and renewables in emerging as well as developed markets in such a short period of time. Its pipelines cover a much broader geographical coverage seeking more opportunities to expand horizontal and vertical value chain for sustainable growth. For more information, visit www.daelimenergy.com

Please find the links below to some of the news coverage:

Summit and PwC sign deal to implement financial process automation through ERP system

September 2016

Summit and PricewaterhouseCoopers (PwC) sign deal to implement financial process automation to increase operational efficiency through ERP system.

The ERP system will allow Summit to automate much of our financial processes, allowing for greater operational efficiency and improved collaboration between the various administrative functions of the organization. The ERP system will allow Summit to better organize their internal data & information, maintain centralized reporting, and improve their internal workflow process.

A signing ceremony was held on Sept 6th, Tuesday at Summit Centre between representatives of Summit and PwC. The Enterprise Resource Planning (ERP) system is being implemented at Summit Group by multinational professional services provider, PricewaterhouseCoopers (PwC). The agreement was signed by Azharul Hoque, Director, Finance, Summit Corporation Limited and Mamun Rashid, Managing Partner, PwC Bangladesh. Also present at the occasion on behalf of Summit were Muhammed Aziz Khan (Chairman), Md. Farid Khan (Vice-Chairman), Md. Latif Khan (Vice-Chairman), Jafer Ummeed Khan (Vice-Chairman), and Amulya Patnaik (Partner, Advisory) on behalf of PwC India.

Summit Chairman in an exclusive interview with Money Control - GE Step Ahead

August, 2016

Summit Group Chairman Mr. Muhammed Aziz Khan was recently featured in an exclusive interview with "Money Control - GE Step Ahead". In the interview, Mr. Khan speaks about the current scenario of the power sector in Bangladesh, challenges and potential for growth in the sector. In addition, he also speaks of Summit's contribution to the development of the country, and our continued partnership with GE, and scope for further business in the sector.

Summit Group Chairman in an exclusive interview with Energyworld.com of India-based Economic Times

August, 2016

Summit Group Chairman Mr. Muhammed Aziz Khan has recently been featured in an exclusive interview with Energyworld.com, an energy-centric media outlet of India-based Economic Times. In the interview, Mr. Muhammed Aziz Khan speaks about the current scenario of the power sector in Bangladesh, Summit's contribution and our continued partnership with GE, and scope for further business in the sector.

Ayesha Aziz Khan on ATN News "Power Talk", 15th July, 2016

July, 2016

Ms. Ayesha Aziz Khan recently appeared on the ATN News special talk show "Power Talk" on 15th July, 2016, and participated in a lively discussion on the topic of "Cross-Border Power Trade".

Summit Chairman addresses South Asian Leaders at South Asian Diaspora Convention 2016 in Singapore

July, 2016

“The private sector shall lead the world upon the path of development” states Summit Group Chairman Muhammed Aziz Khan at the South Asian Diaspora Convention 2016, held at the Raffles City Convention Centre in Singapore, 18th – 19th July 2016. He
also emphasized the importance of technology in today’s global business arena, where through digital connectivity, we are able to work collaboratively even though we might be in different continents, and have access to a boundless source of information and resources at our disposal.

Mr. Khan represented Bangladesh at the Convention as a leading entrepreneur in the power and energy, shipping, hospitality, and IT & communications sectors and shared his thoughts. The Convention, organized by the Institute of South Asian Studies (ISAS) at the National University of Singapore (NUS) has the theme of “Growth Through Interaction: The South Asian Opportunity”. The event was attended by distinguished policy makers, businessmen, and thinkers from all over South Asia, including Singaporean Prime Minister Lee Hsien Loong. The event was geared towards facilitating policy dialogue, and discussions on regional development, increasing business integration and growth within the South Asian region.

Mr. Khan  spoke on how the private sector has been a powerful driving force behind the rapid development of Singapore, and how this is an excellent model which should be followed. He expressed his belief that the private sector will lead the world in development and progress. The Chairman of Summit Group also spoke about how technology and digital connectivity is now enabling us to operate in a globally integrated business environment, and so, global business is a necessity and a positive force for the future.

The Singaporean Prime Minister Lee Hsien Loong also spoke during the Convention’s gala dinner. The dialogue was moderated by Mr. Shyam Saran, the former foreign secretary of India. The Singaporean PM asserted that “Leaders need to make people see how globalization benefits them”, and spoke about opening up economies rather than keeping them closed, as increased integration and inter-connectivity of economies is beneficial for everyone. Mr. Loong reminded everyone that even though these are troubled times, “but at the same time, we should remember this is a time generally of peace and prosperity.”

Muhammed Aziz Khan appointed as Honorary Consul General of the Republic of Finland

May, 2016

“Finland and Bangladesh will have greater economic and business ties in the future, since now such an individual will be representing Finland, who is not only known in Bangladesh but also abroad as a successful entrepreneur.” The visiting Ambassador of Finland to India and Bangladesh, H.E. Mr. Aapo Polho stated this regarding Mr. Muhammed Aziz Khan, Chairman, Summit Group and his recent appointment as Honorary Consul General of Finland in Dhaka.

Ambassador Polho attended a reception held in his honour at Hotel Radisson Blu, Dhaka on the evening of May 31st. In his welcome speech, Mr. Aziz Khan also added that the friendship between Bangladesh and Finland will grow closer in the future. He mentioned that Finnish equipment and machinery are well reputed in our energy and power sector, and Finland has had a significant contribution in the economic development of Bangladesh.

The reception was attended by various ministers, including Mr. Anwar Hossain Monju, Minister, Ministry of Environment and Forests, Dr. Tawfiq-e-Elahi Chowdhury, BB, Hon'ble Adviser to the Prime Minister of Power, Energy and Mineral Resources, Mr. Zunaid Ahmed Palak, Minister of State, Information and Communication Technology Division, former ministers Faruk Khan MP, Abdur Razzaq MP, Barrister Moudud Ahmed, M. Morshed Khan, Altaf Hossain Chowdhury, other political figures, government and non-government high officials, diplomats, dignitaries, businesspersons,  journalists, and representatives of civil society.

The Ambassador also spoke of Mr. Aziz Khan’s long standing business relationship with Finland,  and that the most suitable person had been chosen to represent Finland in Bangladesh. He also expressed the hope that economic and cultural relations between the two countries will continue to be greatly strengthened in the future.

Earlier in the day, Ambassador Polho inaugurated the Honorary Consulate General Office of the Republic of Finland in Dhaka at Summit Centre, in Kawran Bazar. Mr. Muhammed Aziz Khan has recently been appointed as the Honorary Consul General of Finland in Bangladesh. The appointment has been effective as of 3rd April 2016, upon the issuing of an Exequatur from the Ministry of Foreign Affairs, Bangladesh. 

Please find the links to some of the news coverage below:

Summit Chairman featured in an Exclusive Profile on Ittefaq

An exclusive profile has been published on the national daily Ittefaq on May 25th, 2016 featuring Summit Group Chairman Mr. Muhammed Aziz Khan in a section titled "Pothikrit". In this recently launched series, Ittefaq is featuring icons and pioneers from their respective fields with a look into their struggles and journey so far.

The article provides an insightful glimpse into Mr. Khan’s childhood and school days, the impact of the liberation war and the initial struggles of starting a business, his family life, and the values and beliefs which he lives by both in business and his personal life.

Please click on the link below to read the full report