The owners of United Group are joining the ownership of United Finance and United Insurance listed in the stock market. In the meantime, they have bought the ownership share of the entrepreneurs-directors of the two companies.

United Finance and United Insurance were pioneered by foreign Duncan Brothers and their subsidiaries. Now the majority of the shares of these entrepreneurs have been bought by the members of the three owner families of United Group. As the process of transfer of shares has not been completed, neither party has yet officially confirmed the change of ownership. However, the investors have been informed through the stock exchange about the sale of the shares of the two companies by Duncan Brothers and its affiliates.

It is known that about 35 percent of United Finance and 53 percent of United Insurance have been bought by members of the family of Hasan Mahmud Raza, Aktar Mahmud and KMA Shamim, one of the owners of United Group. In these two companies, they have invested around two hundred crore rupees. Out of this, about 90 crore Taka have been invested to buy shares of United Finance and 84 crore taka have been invested to buy shares of United Insurance.

The review shows that 10 people associated with United Group are buying 6 crore 53 lakh 27 thousand 877 shares from the existing entrepreneurs of United Finance. They are United Group Chairman and Managing Director Moinuddin Hasan Rashid, group-affiliates Nizamuddin Hasan Rashid, Mehnoor Sultana Rashid, Nazmul Hasan, Sarfuddin Akhtar Rashid, Akhtar Mahmud, Qutubuddin Akhtar Rashid, Khandaker Moinul Ahsan, Khandaker Zayed Ahsan and Khandaker Zahin Ahsan.