Abu Dhabi Group expands its investment in Pakistan on purchasing stake of Warid Telecom

Abu Dhabi Group expands its investment in Pakistan

Group reacquires 100 percent stake in Warid Telecom

Lahore (Tuesday, January 29, 2013) – Abu Dhabi Group, a large business conglomerate in the Middle East and a major investor in Pakistan, has announced that it has acquired SingTel’s shares in Warid Telecom With 100% ownership in Warid Telecom, Abu Dhabi Group has further reinforced its commitment to the company. This strategic decision will allow the Group to have a more focused approach as Warid enters its 8th year of operations in Pakistan.

Abu Dhabi Group Logo

“The Abu Dhabi Group has a diverse investment portfolio in Pakistan and is one of the leading foreign investors in the country. With this step of acquiring complete control of Warid Telecom, the Group is reaffirming its commitment to Warid and the belief that the Pakistani telecom sector is set to grow further.

The Group plans to continue to improve Warid Telecom’s operation in Pakistan by introducing new technologies, services and packages.” The Abu Dhabi Group representative further added, “We will also continue with our active participation in the important educational, cultural and social initiatives in the communities we serve. We are proud of our relationship with the people of Pakistan and are committed to being a model of responsible corporate behaviour.”

Abu Dhabi Group is a large business conglomerate in the Middle East and one of the largest foreign investors in Pakistan. It has diversified business interests, offering strong financial resources and extensive management expertise that result in commercial success for several institutions.

The Group’s interests in Pakistan range from Information and communication technologies (ICT), financial services, energy, hospitality & real estate, healthcare and agriculture.

Leave a Reply