Ahmed Sohail Fasihur Rahman (Sohail F Rahman)

Background                                                                       

Ahmed Sohail Fasihur Rahman is the chairman of Beximco Group which owns English daily The Independent and TV station Independent TV. He, along with his brother Salman F Rahman established the company in the 1970s.

Ahmed Sohail Fasihur Rahman completed his B.Sc. in physics from Dhaka University in 1966. He also studied in the United Kingdom.

Business Interests

Ahmed Sohail Fasihur Rahman, known as Sohail F Rahman, is the chairman of a number of companies under the umbrella of Beximco Group which has investments across a wide range of industries, including textiles, pharmaceuticals, ceramics, real estate development, construction, trading, marine food, information and communication technologies, financial services, media and energy.

Sohail F Rahman is a founder life member of North South University Trust, a leading private university in Bangladesh.

In the past, Sohail F Rahman served as the Chairman of IFIC Bank Limited, Director of Industrial Promotion & Development Company, Director of Arab Bangladesh Bank Limited, Director of Pubali Bank Limited, and Director of the Investment Corporation of Bangladesh.

Family Ties

Sohail F Rahman???s younger brother Salman F Rahman holds the position of Vice-Chairman. Salman F Rahman leads various Beximco Group companies as chairman, including IFIC Bank Limited and Independent TV. He is also the chairman of the Board of Editors of the English daily The Independent.

Salman F Rahman is a Member of Parliament (MP) and adviser to Prime Minister Sheikh Hasina on private industry and investment, with the rank of a cabinet minister. He had started his political career with the launching of a political party named Samriddhya Bangladesh Andolan in the mid-1990s. Later he joined Bangladesh Awami League.

In 2017, Salman F Rahman, with assets worth about $1.3billion, was ranked 1685th on the list of billionaires in the world, published by Beijing-based Hurun Global.  He is the first Bangladeshi to be on such a list. 

Besides Beximco, Salman F Rahman is involved with various organizations and associations.  He is the current president of the Association of Television Channel Owners (ATCO). He serves as the chairman of the Board of Governors of Bangladesh Enterprise Institute, a leading private think tank. Mr. Rahman is the chairman of the country???s premier sporting club Abahani Ltd. It may be mentioned here that Salman F Rahman???s son Ahmed Shayan Fazlur Rahman is the chairman of Dhaka Dynamites T20 cricket franchise and Nazmul Hassan Papon MP, managing director of Beximco Pharmaceutical Ltd., is current president of Bangladesh Cricket Board. 

In the past, Salman F Rahman held a number of key positions in different national and international organizations serving as the president of Bangladesh Association of Pharmaceutical Industries, president of the SAARC Chamber of Commerce & Industry, president of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), Metropolitan Chamber of Commerce & Industry of Dhaka (MCCI), Bangladesh Textile Mills Association (BTMA) as well as Bangladesh Association of Publicly Listed Companies.

Sohail F Rahman??? son Shahryar Rahman is an adviser to the board of Beximco. He looks after the overall operation of the textile division of Beximco.

 Ahmed Shayan Fazlur Rahman, son of Salman F Rahman, is also an adviser to the board of Beximco Group. He is chairman and MD of Beximco LPG and Beximco Communications. He was elected as the vice-president of the LPG Operators Association of Bangladesh (LOAB). Currently, Shayan Rahman is the Honorary Consul General of Kazakhstan in Bangladesh.

Legal Cases

In July 2008, the Anti-Corruption Commission (ACC) filed a case against Beximco Group Chairman Sohail F Rahman, Vice-chairman Salman F Rahman, its two directors and two former high-ups of IFIC Bank for embezzlement of Tk 158.67 crore from Beximco-owned IFIC Bank through deception and forgery of documents. However, the High Court of Bangladesh granted him bail in the case of bank forgery in the next month.

Sources                          

Beximco Group. About us, Accessed on August 20, 2020.

The Daily Star, Salman, Sohel charged with embezzlement of Tk 158.67cr, July 29, 2008

Salman F Rahman???s personal website link: https://salmanfrahman.com/en/index.php