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Ownership tussle at Karachi Electric sparks Saudi, Kuwaiti intervention

Ownership tussle at Karachi Electric sparks Saudi, Kuwaiti intervention
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Saudi arabiaCayman islandsAsim munirMuhammad aliShaheryar chishtyShaheryar arshad chishtyNational industries groupPrivatization divisionAsiapak investmentsGrowth capital fundPower ltdHoldings of saudi arabiaSindh high courtSage venture group ltdBritish virgin islands under asiapak investments ltdNational security clearance

SIFC committee formed to resolve KE shareholders issues

Committe former after original stakeholders from Saudi Arabia and Kuwait raised serious concerns

Cayman islandsSaudi arabiaCity ofUnited kingdomMuhammad aliShaheryar arshad chishtyAsim munirPower ltdHoldings of saudi arabiaAbraaj holdingNational industries groupAbraaj investment management ltdPower petroleumBritish virgin islands under asiapak investments ltdPrivatisation divisionGrowth capital fund

Original KE investors reject majority ownership claim by Sage

LONDON: The Chief Investment Officer of Al-Jomaih and a Director at Karachi-Electric Shan Abbas Ashary has firmly contradicted the assertion of Infrastructure and Growth Capital Fund SPV21 that.

Cayman islandsCity ofUnited kingdomSaudi arabiaShehryar chishtiShah abbas asharyShan abbas asharyCayman courtSindh high courtNational industries groupCayman island courtPrivatisation commission of pakistanAl jomaih group of saudi arabiaShanghai electric power companyAbraaj investment managementAbraaj investment management ltd

Original KE investors reject majority ownership claim by Sage

KE Direcror Shan Abbas Ashary says the claim is entirely incorrect and baseless

City ofUnited kingdomSaudi arabiaCayman islandsShehryar chishtiAsia pakShan abbas asharyAl jomaih group of saudi arabiaGrowth capital fundNational industries groupAbraaj investment managementMashreq bankShanghai electric power companyCourt orderCayman island courtAbraaj investment management ltd

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

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