March 26, 2017 10:02 PM ET

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Company Overview of Abu Dhabi Group

Company Overview

Abu Dhabi Group, through its subsidiaries, operates in banking, securities and investment banking, asset management, insurance, real estate development, media entertainment, and telecommunication services businesses in Pakistan, Bangladesh, Iran, Uganda, Congo, and the Middle East. The group includes two banks that provide corporate, commercial, and consumer banking activities in Pakistan; a securities and investment banking company in Pakistan; an investment management company that provides asset management and investment advisory services to retail, corporate, and financial investors in Pakistan; a non-life insurance company that offers general insurance products in Pakistan; and a real es...

Al Naeem Tower

Khalifa Street

18th Floor

Abu Dhabi,  44222

United Arab Emirates

Phone:

971 2 6266 406

Fax:

971 2 626 6430

Key Executives for Abu Dhabi Group

Chief Executive Officer
Executive Director
Compensation as of Fiscal Year 2016.

Abu Dhabi Group Key Developments

Dhabi Group Appoints Adeel Bajwa as Chief Executive

Dhabi Group has appointed a new chief executive to lead the diversified investment group. Adeel Bajwa, who was general counsel and board member of several of the group's companies, has taken the post. Bajwa was involved in mergers and acquisitions for the group in Africa and South Asia, including deals involving Warid Telecom and Wateen Telecom in Pakistan.

Warid And Pakistan Mobile Reportedly Merged

Warid Telecom (Pvt) Limited and Pakistan Mobile Communications Ltd. have reportedly merged. VimpelCom Ltd. (NasdaqGS:VIP) had acquired Warid from Abu Dhabi Group through Pakistan Mobile, Daily Times learnt. “Mobilink’s bid for the merger and acquisition of Warid reached beyond the advance levels, as Mobilink had completed due-diligence of Warid two months ago, while the merger of both companies is expected to be announced officially in January 2016,” sources privy to the deal told. Sources said Warid would remain a separate entity and the name of company wouldn’t change initially and Abu Dhabi Group would keep about 20% to 30% shares as its ownership. According to sources, necessary arrangements and negotiations have almost been finalized and a purchase agreement is expected to be signed by the end of 2015. The consideration and other financial matters are not yet known. The Daily Times added that Mobilink’s spokesman declined to comment on the news saying, “We don’t comment on market rumors or speculation,” while Warid’s official also refused to comment on the ongoing developments.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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