Adeel Bajwa, the Chief Executive of UAE based Dhabi Group has stepped down from his position, we have checked with sources.
Dhabi Group is owned by a prominent member of the royal family in Abu Dhabi and has controlling stakes in Bank Alfalah and Wateen Telecom. Dhabi Group also owned majority stakes in Warid Telecom before it was merged with Jazz last year.
Mr. Adeel Bajwa, who took over as Chief Executive of the diversified investment group in 2016, confirmed his resignation to Reuters and said that he has plans to take up a new and challenging assignment.
Prior to being the Chief Executive of Dhabi Group, he was general counsel and Board Member of several of the group’s companies. Mr. Bajwa was involved in mergers and acquisitions for the group in Africa and South Asia, including deals involving Warid Telecom.
Dhabi Group, owned by His Highness Sheikh Nahyan bin Mubarak Al Nahyan, has investments across sectors including telecommunications, financial services, real estate, energy, healthcare and construction in the United Arab Emirates, Pakistan, Turkey, Georgia, Africa and the United States.
In Pakistan, the Dhabi Group, lead by HH Sheikh Nahyan bin Mubarak Al Nahyan, has made substantial investments over the years to help shape the country’s vibrant economy.
HH Sheikh Nahyan bin Mubarak Al Nahyan is also the Founder Chairman of Bank Alfalah Limited, which is one of the top banks of the country and founding Chairman of Warid Telecom which later merged with Mobilink (now Jazz), becoming the largest mobile operator in Pakistan. Currently, he is the Chairman of the Board of Directors of Mobilink Jazz.
HH Sheikh Nahyan bin Mubarak Al Nahyan has been one of the biggest foreign investors in Pakistan over the last three decades. HH Sheikh Nahyan bin Mubarak Al Nahyan was also Chairman of United Bank Limited, one of the largest banks in Pakistan, from its privatization in 2002 until 2013 and was part of the consortium that bought the Bank from GOP.
Also, headed by HH Sheikh Nahyan bin Mubarak Al Nahyan is Taavun, a joint venture between Dhabi Group and Government of Punjab, to invest in the real estate sector.
Not stepped down, he was fired for corruption and mismanagement. Did not have a legal or business background to actually manage such a great empire and was busy taking bribes and hiring his buddy as a consultant to take out more money.
It was the same with his predecessor, fired Jan 2011, another Pakistani born. Or for Arif Naqvi of Abraaj, or for BCCI founders long ago.
So the real question: how did they get hired repeatedly? What does that say about their smart and clean employers?
Infact Adeel Bajwa including Pervaiz Shahid and other s did planned and biggest corruption in projects of Dhabi Group and HH sh Nahyan bin Mabarak Alnahyan UAE prince and Minister Invited me as well to know the reason and has to face awkward position before his friends, I pray for HH success
In fact White and Indian lobby has kicked out Pakistani people from the Group. Instead of accusing Pakistani people without any facts we should be careful in our statements. I’m in this Middle East market for 25 years and know this Group inside out. It’s NOT corruption but politics. When time comes I will state names and facts here.
Mr. Dubaiwalla, Shippy, Sh Aleem Mohyuddin shame on you for venting your personal anger for ulterior motives.
I agree with Investment Banker. Big time politics across middles east by Indian lobby. All banks are taken over by them. Recently Arif Usmani moved from CRO of Mashreq to CEO NBP and his position is take over by an Indian.
Mr. Dubaiwalla, Shippy, Sh Aleem Mohyuddin are naive idiots.
I don’t know if it’s poltics or corruption but you cannot compare the recently left Dhabi Group management with Parvez and Bashir who were not clean.
I don’t know whether it was corruption (my gut tells me corruption) but I seriously wouldn’t be surprised if it was due to corruption. Flare Magazine has also published a huge article on this case. Adeel Bajwa and Tauqeer Ahmad’s passports have apparently been seized until case is cleared int eh UAE. Well, time will tell I guess.