GULF AFRICAN BANK (KENYA)
In 2006-07, the Founders of the legacy GulfCap visioned, conceptualised and launched the initiative to establish the first Islamic Commercial Bank in the East African Region, to be head-quartered in Nairobi, Kenya (http://www.GulfAfricanBank.com). In addition to the legacy GulfCap, its current Shareholders include Istithmar World (an investment arm of the Government of Dubai); BMI Bank (Kingdom of Bahrain); Sheikh Abdullah Mohammed Al-Romaizan (Kingdom of Saudi Arabia); Eastern and Southern African Trade and Development Bank (PTA Bank) and last but not the least, IFC. GulfCap founded Gulf African Bank and advised its Board and the management of the bank on its strategy and execution.
BURJ BANK (PAKISTAN), Now the Al Baraka Bank
In 2006-07, GulfCap was one of the Founders of the then Burj Bank, Pakistan (now merged within Al Baraka Bank in Pakistan), with board participation, represented by Mr Qureshi. In addition to the shares subscribed by GulfCap’s shareholders, the Bank was able to attract several leading individual and institutional investors, namely ICD (the Private Sector Investment Arm of the Islamic Development Bank, Jeddah, Kingdom of Saudi Arabia), Al-Khair Bank (previously Unicorn Investment Bank, Bahrain), Gargash Enterprises (Dubai, UAE), A-Safat Group (Kuwait) and Mr Azam Essof Kolia (Singapore). Burj Bank was sold to Al Baraka Bank (https://www.AlBaraka.com.pk) towards the end of 2016.
DALMA ENERGY LLC (UAE, SAUDI ARABIA & OMAN)
Following an extensive bidding process among several blue-chip international buyers, GulfCap acquired Dalma Energy in 2006/07 (http://www.DalmaEnergy.com) from the Abu Dhabi based Aabar Petroleum (now Aabar Investments). GulfCap entered into an agreement with Aabar for the acquisition of its Oman-headquartered, wholly owned, oil and gas drilling services subsidiary, for US$ 446 million, through a competitive bidding process. GulfCap also arranged the financing of US$ 340 million from one of the largest European Banks for this acquisition. Following signing the SPA with Aabar, GulfCap novated the original agreement in the name of Al-Qahtani Investments LLC. The acquisition was completed during the first week of January 2008.
ISLAMIC INSURANCE COMPANY (PAKISTAN)
GulfCap was one of the founders with board participation (represented by Mr Qureshi) in one of the first Islamic Life Insurance (known as Takaful) companies (http://www.DawoodFamilyTakaful.com) in Pakistan.
TRANZLEASE HOLDINGS (INDIA)
GulfCap was the Founder, with 60% shareholding, in a car leasing company in India (https://www.TranzLease.com) which launched one of the most unique business propositions in the car leasing industry. That is, a unique concept was introduced in the Indian car-leasing market where the cars used to be leased to large corporates in bulk.
BMI BANK (BAHRAIN)
The Founders of GulfCap successfully assisted the shareholders of the Bahrain-based Bank Muscat International, now the BMI Bank, (http://www.BMIbank.com) in carrying out the organizational restructuring (as well as head-hunting a professional CEO), putting together a Strategic Business Plan (in conjunction with the UK-based Sabre Capital) and raising USD 500 million of additional capital injection, in two tranches. The first tranche’s size was USD 250 million, which was successfully closed.
GulfCap was mandated by the Saudi-based Tanmiyat Group, a leading real estate developer in the region, for various corporate / financial advisory services for their Dubai-based multi- billion US dollars project in Living Legends, Dubai. The mandate included the structuring and placement of US$ 2 billion Sukuk (Islamic Bond).
SHADI WELCOME (PAKISTAN)
Mr. Qureshi is the Founder of a Lahore-based company (http://www.ShadiWelcome.com), which is engaged in facilitating the complete cycle of managing the logistics of “Marriages”. As such, all the service providers required for any “Marriage-Event” have been consolidated at one platform, thus offering the customers wide range of competitive, as well as, quality options.
Mr Qureshi has been a Strategic Shareholder in the Dubai-based Educational Institution (http://www.PACdubai.com), which was providing professional education across the finance and accounting disciplines (including but not limited to, CA, ACCA, CPA, CFA, CIA, CMA, CISA, FIA, etc.) to hundreds of students.
INTERNATIONAL HOME FINANCE & DEVELOPMENT (AFGHANISTAN)
GCI has been a Strategic Partner of International Home Finance & Development (http://www.IHFD.com), which is targeting the potential development of Parcel 1, Phase 1 in the Kabul New City Development (“KNCD”), a multi-billion US dollar initiative by the Government of Afghanistan. GCI played a strategic role whilst providing various Business and Financial Advisory Services in this mega-development’s initiative. The Project aimed to construct in excess of 13,000 housing units and over 3.3 million square meters of commercial space, on 455 Hectares of Land. 250 Hectares of land was committed to the Promoters. However, due to unrest and change in governments, the project couldn’t take-off.