Renowned Industrialist Abdul Monem, the managing director and chairman of Abdul Monem Limited (AML), has passed away at a hospital in Dhaka. He was 85.
He breathed his last at the Combined Military Hospital (CMH) around 10am on Sunday, confirmed his son Mainuddin Monem, who is also the company’s deputy managing director-I.
Monem left behind his wife, two sons, three daughters and a host of relatives and admirers to mourn his death.
A veteran civil engineer who founded the conglomerate in 1956, Abdul Monem was admitted to the hospital on May 17 after he suffered a stroke, according to media reports.
Media reports also said he would be buried at the family graveyard in Brahmanbaria.
For his contribution to the business sector through his diversified conglomerate, which he ran alongside his two sons, Abdul Monem was awarded the ‘Commercially Important Person (CIP)’ status by the government several times.
AML, one of the largest business conglomerates in Bangladesh, is the bottler of Coca Cola in the country, producer of renowned ice-cream brand Igloo, Igloo milk and dairy products, Igloo food items and snacks, manufacturer of pharmaceuticals, maker of auto bricks, bitumen and other selected construction materials, according to the company website.
It also owns AM Sugar Refinery Ltd., AM Rice Bran Oil, ServicEngine BPO, and AM Securities and Financial Services Ltd among other companies.
In 2015, the company was awarded permission to develop one of the country‘s first private economic zones—Abdul Monem Economic Zone (AMEZ) in Daudkandi, Munshiganj—on its land of 216 acres.