When Summit Power International (SPI) incorporated in Singapore in 2016, the move represented a strategic pivot that would dramatically enhance the company’s ability to finance power projects across Bangladesh. Founded by Muhammed Aziz Khan, Summit Group has leveraged Singapore’s robust financial architecture and governance standards to secure competitive financing rates and forge partnerships with global industry leaders.
How Summit Group Transformed Through Singapore Incorporation
“One of the most important things that define us is the fact that we are a Singapore company based out of Singapore, owning assets in Bangladesh,” explains Ayesha Khan, Managing Director and Chief Executive Officer at SPI. “One of the reasons that we did this structure — and IFC helped us to do this structure — is really to help us access the governance of Singapore, the laws of Singapore, and the financial markets of Singapore.”
The decision to relocate SPI’s headquarters came through a partnership with the International Finance Corporation (IFC),...