January 14, 2011

New Management of Warid and Wateen

New Management for Warid and Wateen Announced

Abu Dhabi Group has introduced major changes to Warid and Wateen leadership. His Excellency Sheikh Nahayan Mabarak Al Nahyan, Chairman of the Abu Dhabi Group issed a statement:

As Chairman of the Abu Dhabi Group, it is my pleasure to announce the appointment of Mr. Zouhair A. Khaliq who will serve as Executive Director and represent the Group on the boards of Warid Telecom, Wateen and WinCom, while Mr. Naeem Zamindar will hold the position as the CEO of Wateen and Mr. Muneer Farooqui will continue as CEO at Warid Telecom.

I take this opportunity to reaffirm our commitment to all my investments, the employees and all customers in Pakistan to make all Group companies among the finest institutions. Let me reaffirm as well that there is no intention to merge or to sell Bank Alfalah at this time.

The previous leadership team included Bashir Tahir and Pervaiz Rashid.

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