Tanveer Awan appointed CEO of Dhabi Group of Companies

In most of the CEO firing cases, there is this personal reason to leave. A decent and fine goodbye to Russo by Sheikh. She had played enough with Shekihs investment portfolio in the last one year. Most of the projects are in problem, either on hold or due returns are not coming, just because of poor decision making. Just a few years ago BAL shares came down to 30s from 60s, a half in loss and same is the case with Wateen Telecom, the company is on a ventilator. Wateen is like a sister left unmarried and its gaining grace with time. A fat big animal that neither lays eggs nor it gives any milk, it only eats to survive and there is no one in the world interested in this kind of venture. A total mess up by Russo. Billions of dollar loss. The most successful telecom merger in Pakistan's history was of Warid/Jazz merger, a win win deal. Jazz didnt pay a single penny to Dhabi Group for the past few months just because of the bad management by Dhabi Group. Then there is a hole in the center of Lahore, a land for Tavuuan Towers, a nightmare project which has no legs and head. Its a very good decision because the Sheikh wants performance and lets hope this new gentleman Tanveer Awan could satisfy Sheikh well in managing its extensive investments portfolio.