Abdul Monem (entrepreneur)
Bangladeshi industrialist and entrepreneur (1937–2020)
From Wikipedia, the free encyclopedia
Abdul Monem (5 January 1937 – 31 May 2020) was a Bangladeshi industrialist and entrepreneur. He was given the title of Commercially Important Person by the Government of Bangladesh for his contribution to business.[1] He was the founding chairperson and managing director of Abdul Monem Limited.[2][3] The group owns Igloo ice cream and is the official bottler of Coca-Cola in Bangladesh.[4]
Early life
Abdul Monem was born on 5 January 1937 in Brahmanbaria District. He studied civil engineering.[2] He had two sons and three daughters. His sons, ASM Mainuddin Monem, and ASM Mohiuddin Monem, are the Deputy Managing Directors of Abdul Monem Limited.[1][2] His daughter, Farhana Monem, the chairperson of GME Group got Best Women Tax Payer Award by Bangladesh government for five consecutive years.[5]
Career
In 1956, Monem founded Abdul Monem Limited.[1] He started the company with a capital of 20 thousand taka.[6] Abdul Monem served as the Director of NCC Bank, National Life Insurance Company Limited, and Pragati Insurance Limited. He bought out K Rahman and Company in 1982.[4] He then started working as an official bottler of Coca-Cola Bangladesh. From 1984 to 1995, he served as the chairperson of the Mohammedan Sporting Club.[2]
Awards and honors
In 2014, Monem was awarded the Presidential Medal for his contribution to the industrial development of Bangladesh.[7] In 2015, Abdul Monem founded 216 acre Abdul Monem Economic Zone, one of the first private economic zones in Bangladesh, in Manikganj District.[1]
Monem was awarded the Lifetime achievement award in the Twelve Presents Rise Above All of 2019.[8]
Death
Monem was admitted to Square Hospital on 17 May 2020. He died on 31 May at the Combined Military Hospital, Dhaka, where he was transferred to, from a stroke. He was buried in his family graveyard in Brahmanbaria District.[1][6]