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Another twist in battle for K-Electric ownership

LONDON: A legal dispute has broken out into the open between Ernst & Young and Infrastructure Growth and Capital Fund SPV 21, a Cayman Island entity under the control of Shaheryar Arshad.

City ofUnited kingdomCayman islandsSaudi arabiaKeiran hutchisonShaheryar arshad chishtyCasey mcdonaldHani bisharaShaheryar chishtyNational industries groupKarachi stock exchangeAbraaj groupMashreq bankAljomaih group of saudi arabiaAbraaj holdingEy cayman ltd

Another twist in battle for K-Electric ownership

Dispute emerged when majority ownership of IGCF SPV 21 recently changed hands

Cayman islandsCity ofUnited kingdomSaudi arabiaCasey mcdonaldHani bisharaShaheryar arshad chishtyKeiran hutchisonKarachi stock exchangePower ltdAbraaj holdingsSage venture group limitedAbraaj holdingCayman grand courtNational industries groupGrowth capital fund

Leaked document exposes K-Electric s real ownership structure

LONDON: The Karachi Electric Chairman Mark Skelton has certified that Shehryar Chishti’s indirect beneficial ownership in K-Electric, through the Infrastructure and Growth Capital Fund , is.

City ofUnited kingdomBritish virgin islandsCayman islandsSaudi arabiaShehryar chishtiMark skeltonAlvarez marsal europePartner investorGrowth capital fundMashreq bankPower limitedLp limited partnerAbraaj groupK electricKarachi electric

ADGM s registration authority levies $30,000 fine on KPMG for rule breach

ADGM s registration authority levies $30,000 fine on KPMG for rule breach
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Why the row over KE s majority ownership? - Business

The Pakistani government controls 24.4pc shares in K-Electric while Cayman Islands-registered KES Power Ltd owns 66.4pc shareholding.

Cayman islandsBritish virgin islandsShaheryar chishtyShan asharyAbraaj groupExchange commission of pakistanSage venture group ltdPower ltdAsiapak investments ltdDenham investments ltdAl jomaih power ltdMashreq bankGrowth capital fundK electric ltdCayman islands registeredElectric director shan ashary