Adeel Bajwa, executive director of the Dhabi Group, based in the United Arab Emirates, resigned his post, we reviewed the sources.
Dhabi Group is owned by a prominent member of the royal family in Abu Dhabi and has controlling interests in Bank Alfalah and Wateen Telecom. Dhabi Group also owns majority interests in Warid Telecom before merging with Jazz last year.
Resignation of Dhabi Group CEO
Mr Adeel Bajwa, who took over as CEO of diversified investment group in 2016, confirmed Reuters’s resignation and said he was planning a new and challenging task.
Prior to being the executive director of the Dhabi group, he was general board member and member of the board of several group companies. Mr Bajwa participated in mergers and acquisitions for the group in Africa and South Asia, including agreements with Warid Telecom.
Dhabi Group, owned by His Highness Sheikh Nahyan bin Mubarak Al Nahyan, has investments in sectors such as telecommunications, financial services, real estate, energy, health and construction in the United Arab Emirates, Pakistan, Turkey, Georgia, Africa and the United Emirate.
In Pakistan, the Dhabi group led by HH Sheikh Nahyan bin Mubarak Al Nahyan, has made significant investments over the years to help shape vibrant the country’s economy.
HH Sheikh Nahyan bin Mubarak Al Nahyan is also the founder of Bank Alfalah Limited president, which is one of the leading banks in the country and co-founder and chairman of Warid Telecom, which later merged with mobi (now Jazz), which switch to the mobile operator’s large of Pakistan. He is currently chairing the Board of Directors of Mobilink Jazz.
Sheikh Nahyan bin Mubarak Al Nahyan has been one of the largest foreign investors in Pakistan for the past three decades. HH Sheikh Nahyan bin Mubarak Al Nahyan was also president of United Bank Limited, one of the largest banks in Pakistan, since his privatization in 2002 to 2013 and was part of the consortium that bought the bank’s IDP.
In addition, HH Sheikh Nahyan led by bin Mubarak Al Nahyan is Taavun, a joint venture between Dhabi Group and the Government of Punjab, to invest in real estate.