Bashir A. Tahir

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Bashir Tahir
Bashir A. Tahir Profile Picture.jpg
Website Bashir Tahir

Bashir Tahir born in Bhera is a prominent corporate figure in the banking, communication, and real estate sectors of Pakistan.

He is the former CEO of Dhabi Group, a member of the Board of Wateen Telecom and board member and CEO of Warid Telecom International LLC. He is also the former CEO of the Abu Dhabi Group, which is a consortium of investors led by Dhabi Group as the lead investor,[1] and a former Member of the Board Advisory Committee and Board Audit Committee for Bank Alfalah Limited. Previously, Tahir served as general manager and CEO for Union National Bank.

He has been honoured with one of Pakistan's highest civilian awards, the Sitara-e-Imtiaz in 2005 in recognition of his role in various facets of banking, financial advisory and investments in Pakistan.[2] He was until recently a board member of the Board of Investment of Pakistan.

Achievements[edit]

Mr. Tahir is a career banker since November 1962; with over forty years experience in finance and Mr. Tahir has over the past 12 years focused on advising and leading private equity and buyout ventures[3] for the members of the UAE royal family and their co-investors. Mr. Tahir is a pioneer for encouraging the collaboration of the various family offices of the ruling families in the region to help form what is now known as the Abu Dhabi Group.[4]

Under the Abu Dhabi Group consortium of investors, Mr. Tahir has been directly responsible for over US$3bn. worth of foreign direct investments into Pakistan's financial and telecommunications[5] sectors. Mr. Tahir has advised on transactions worth US$500m overseas,[6] and has actively led investments into Africa[7] and the CIS,[8] helping the Group to expand its presence[9] into the banking and telecommunications[10] sectors there.

Awards[edit]

Mr. Tahir was honoured with the Highest Civil Award: Sitara-e-Imtiaz by President of Pakistan on 14 August 2005[11] in recognition of his contribution to Pakistan's banking sector.[12] He is also a recipient of the Global Pakistani Award as acknowledgement of his services towards building stronger economic ties between the UAE and Pakistan.[13]

Responsibilities[edit]

Dhabi Group and Abu Dhabi Group's investments include:[14] Bank Alfalah, United Bank Limited, Warid Telecom (Pakistan, Bangladesh, Republic of Congo, Uganda & Georgia), Wateen Telecom, KOR Standard Bank (Georgia),[15] Raseen Technologies, Al Razi Healthcare, and other investments in the industrial, pharmaceutical and consumer staples sectors.

Mr. Tahir represents the interests of HH Sheikh Nahyan bin Mubarak Al Nahyan through his board memberships as well as actively monitoring and advising the portfolio companies.[16]

Investment Focus[edit]

Tahir helped the Dhabi Group to evolve from a family office engaged in primarily passive investments into a vehicle that acted as a lead investor for a consortium of investors known as the Abu Dhabi Group. The key focus areas became banking, telecommunications and real estate.

The Group understood the risks of investing in emerging and frontier markets, including corrupt government officials and corruption in general,[17][18] however were able to manage the risks inherent with this investment approach by approaching each target market as a portfolio investor.[19] Tahir was the first to promote and encourage this approach: to be a portfolio investor in a market whereby the country can benefit from inward foreign direct investment that directly helps to create jobs as well as to help attract new investors.[20] This longer-term partnership defined the access and readiness of countries to encourage investment groups[21] that could provide a source of multi-sector investment[22] and help reduce volatilities through such long-term partnerships.[23]

References[edit]

  1. ^ "Punjab govt,Abu Dhabi Group sign two MoUs". Dawn. May 2005. Retrieved 9 February 2010. 
  2. ^ "Award- (Sitara-i-Shujaat, Sitara-i-Imtiaz Award).". Pakistan Press International. March 2006. Retrieved 9 February 2010. 
  3. ^ "Abu Dhabi Group targets Asia, Africa - ArabianBusiness.com". Arabian Business. Retrieved 16 September 2014. 
  4. ^ "Royal flush - - ITP.net". Retrieved 16 September 2014. 
  5. ^ "SingTel and Warid Telecom announce a Strategic Partnership in Pakistan – SingTel". Retrieved 16 September 2014. 
  6. ^ "Bharti says agrees to buy 70 pct of Warid Bangladesh". Reuters. 12 January 2010. 
  7. ^ "Warid eyes bigger play with Indian partners". The Times of India. 18 January 2010. 
  8. ^ "UAE's Abu Dhabi Group pays $42 mln for Georgian bank". Reuters. 11 March 2008. 
  9. ^ "Abu Dhabi Group Expands into Africa". Retrieved 16 September 2014. 
  10. ^ "Ericsson and Warid Telecom strengthen managed services partnership in Pakistan – Press Release". Retrieved 16 September 2014. 
  11. ^ http://www.paktribune.com/news/print.php?id=115641. Retrieved 16 September 2014.  Missing or empty |title= (help)
  12. ^ "President confers 192 civilian awards – Newspaper". Dawn. Retrieved 16 September 2014. 
  13. ^ "404 error". Masala!. Retrieved 16 September 2014. 
  14. ^ "Abu Dhabi Group". Warid Telecom. Retrieved 16 September 2014. 
  15. ^ "The Messenger – Abu Dhabi Group buys Standard Bank". Messenger. Retrieved 16 September 2014. 
  16. ^ "Bank Alfalah not being sold or merged: CEO". The News International. Pakistan. 11 January 2011. Retrieved 16 September 2014. 
  17. ^ http://www.dailytimes.com.pk/default.asp?page=2008%5C10%5C29%5Cstory_29-10-2008_pg7_38[permanent dead link]
  18. ^ "World Bank initiates anti-corruption network – Emerging Markets". Retrieved 16 September 2014. 
  19. ^ "Bank Alfalah in good health Abu Dhabi Group to invest up to $5 bn in Pakistan". The News International, Pakistan. 11 October 2008. Retrieved 16 September 2014. 
  20. ^ "Abu Dhabi Group to start mobile phone company". Archived from the original on 29 January 2007. Retrieved 16 September 2014. 
  21. ^ "男女無料登録OK!出会い系サイト一覧". Archived from the original on 11 January 2010. Retrieved 16 September 2014. 
  22. ^ "DHABI GROUP TO INVEST $150-200M IN WIMAX MOBILE COMPANY IN UGANDA - balancingact-africa.com". Retrieved 16 September 2014. 
  23. ^ "Abu Dhabi Group's investment in Pakistan". The Nation. Retrieved 16 September 2014. 

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