Abu Dhabi Group has injected over Rs 2.1 billion in the Wateen Telecom Limited during past few weeks which is likely to be welcomed warmly by the general public and stock exchanges of Pakistan. In these harsh economic times, the Abu Dhabi Group has yet again proved its commitment to the people of Pakistan as it has further augmented its US $2.0 billion investment in the country.
The new foreign direct investment into Pakistan from the Abu Dhabi Group comes through one of its latest publicly listed telecom ventures "Wateen Telecom Limited". For Pakistan, it implies an influx of US dollars into the country while for Wateen Telecom Limited it shows shareholders' confidence in the company and its management while supporting the business plan. Wateen Telecom is owned by the Abu Dhabi Group, one of the leading business conglomerates in the United Arab Emirates (UAE), is one of the largest foreign investor group in Pakistan and parent company for Bank Alfalah and Warid Telecom.-PR
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