Warid Telecom is a joint venture between Abu Dhabi Group & SingTel Group. Abu Dhabi Group entered into a strategic alliance with Singapore Telecom. Subsequent to this transaction in May 23 (2005), telecom giant SingTel acquired 30% percent equity stake in Warid Telecom, Pakistan. This partnership is part of a strategy to support Warid Telecom's continued growth and to enhance its market position.
Warid Telecom is backed by the Abu Dhabi Group, a large business conglomerate in the Middle East and a major investor in Pakistan. It has diversified business interests, offering strong financial resources and extensive management expertise.
The Abu Dhabi Group invests in a number of emerging markets including East- & South Africa, the Middle East, South Asia and the Caucasus/Black Sea region in a range of sectors including:
- Financial Services
- Hospitality & Real Estate
The Abu Dhabi Group is led by His Highness Sheikh Nahayan Mabarak Al Nahayan a senior member of the Abu Dhabi Ruling Family.
SingTel's investment in mobile operations include, Advanced Info Service (AIS) –Thailand, (21.4%), Bharti Telecom Group – India (30.5%), Optus Telecom – Australia (100%), Globe Telecom – Philippines (44.5%), Pacific Bangladesh Telecom (PBTL) - Bangladesh (45%), Telkomsel – Indonesia (35%) and Warid Telecom – Pakistan (30%).