Zameer Choudrey

Zameer Choudrey
Born Zameer Mohammed Choudrey
March 1958
Pakistan
Nationality British
Citizenship United Kingdom & Pakistan
Alma mater University of Kent at Canterbury
Known for CEO, Bestway
Net worth US$1.4 billion (2015)
Spouse(s) Rakshanda
Relatives Sir Anwar Pervez (uncle)

Zameer Mohammed Choudrey CBE (Urdu: ضمیر چوہدری‎) (born March 1958) is a British businessman, the chief executive of Bestway, the seventh largest family owned business in the UK, with and annual turnover of £3.06 billion, and founded by his uncle, Sir Anwar Pervez.).[1][2][3] According to the Sunday Times Rich List, in 2015 Choudrey's net worth is £975 million; which makes him the second richest Pakistani in the UK.[4]

Early life

Zameer Mohammed Choudrey was born in March 1958.[5] Zameer Choudrey graduated from the University of Kent at Canterbury in 1981.

Career

Choudrey is a Fellow of The Institute of Chartered Accountants in England and Wales. He is a member of the Institute of Directors in London. In November 2014 he received an honorary Doctorate of Civil Law for his contribution to services to public life and business from the University of Kent.[6]

As Financial Controller, he designed and implemented systems and controls within the business with emphasis on husbandry of stocks and cash management. He played a key role in the expansion of the Group's wholesale business through the acquisition of Bashin Cash & Carry in 1984; Crown Crest Limited in 1987 and Link Cash & Carry in 1988.

Architect of Bestway's diversification

In 1990, Zameer Choudrey was appointed the Finance Director of Bestway Group. During the mid 1990s he was assigned the task of business diversification by the board of directors and in 1995 he was appointed Chief Executive of Bestway Cement.[7][8]

In October 2002 having led the acquisition of United Bank Limited (UBL); Zameer Choudrey was appointed to the Board of UBL.[9] Since then he has served as chairman of the board Audit Committee and Director of UBL Insurers.[10]

Following the Board reshuffle in July 2004 he was promoted to the position of Chief Executive of Bestway Group.

In July 2014 under his[11][12] leadership Bestway Group acquired the Co-op's pharmacy business for £620 million[13] or US$1.06 billion. Co-op pharmacy is the UK's third largest independent pharmacy business and the largest in Wales.

At the time of acquisition, Pharmacy business was expected to increase the group's annual turnover to over £3.0 billion and the group's global workforce would increase to 33,600 people, with over 11,900 people employed the UK.[14]

Wholesale cash and carry

The Group's wholesale operations[15] are the 2nd largest in the UK. It trades from 64[16] warehouses, covering over 6 million sq ft of selling space, offering a product range of over 25,000 items and serving over 125,000 independent retailers and food service customers nationally.[17]

In January 2005 Choudrey successfully led the Group’s acquisition of Batleys Plc for £100.0 million;.[18] The acquisition of Batleys catapulted Bestway to new heights of success. An OFT report published soon after the acquisition said the merged entity is the fourth largest national grocery wholesaler in the UK, with a modest 9.9% share of supply in grocery wholesaling as a whole and 15.9% share of supply in cash & carry alone.[19]

Batleys was successfully and seamlessly integrated into the main business and contributed towards expanding the Group’s market share by 50%. In addition to organic growth over the years, the Group acquired Bellevue Cash & Carry's two warehouses in Edinburgh and Stirling in June 2010.[20][21] In November 2010 the Group went on to acquire the Martex Group[22] of three cash & carry warehouses and its foodservice operation from C J Lang.

In February 2014, Bestway was awarded the Investors in People Bronze award for demonstrating a degree of excellence in the way they develop and support their staff. The Bronze award is achieved by just 5% of Investors in People recognised organisations in the UK. The Investors in People Standard is awarded to well-run organisations, which demonstrate good management practice with a high emphasis on best practice people management and development.[23]

In April 2014, the Group acquired Glasgow based wholesaler Sher Brothers[24] and merged Sher Brothers into the Batleys brand.[25]

In August 2015, he shortlisted for the Grocer Cup, the Grocer Cup is awarded to an individual who has inspired their team to achieve exceptional results in the preceding year. Readers of The Grocer magazine vote from a shortlist of senior industry players.[26]

Industry recognition

October 2015 - Zameer Choudrey[27] - Winner - The Grocer Cup[28][29] - for outstanding business achievements.[30]

November 2014 – Federation of Wholesale Distributor’s Gold Medal for Wholesale Service to Retail[31]

November 2012 – Federation of Wholesale Distributor’s Gold Medal for Wholesale Service to Retail[32]

April 2012 – Queen's Award for Enterprise: International Trade for its global exports[33]

Cement manufacturing

[34] In 1995, Zameer Choudrey initiated the Group’s business diversification strategy and was appointed Chief Executive of Bestway Cement.

The Group built its first cement plant in Hattar, in the Khyber Pakhtoonkhwa Province of Pakistan in 1995. This was an initial investment of US$120 million and led to the creation of 800 jobs.[35] Civil works started in January 1996 and the Kiln was fired in April 1998. In 2002 the plant’s capacity was further enhanced to 1.3 million TPA at a cost of US$20 million.

Since June 2003 the company continues to be the largest exporter of cement to Afghanistan[36] and has won national export awards in 2004, 2005, 2007, 2008, 2009, 2011 and 2015.[37]

In February 2004 the company set up its second plant with a 1.8 million TPA capacity in Chakwal[38] in the Province of Punjab, Pakistan with a total investment of US$140 million and led to the creation of 900 jobs.

In September 2005 Zameer Choudrey spearheaded the Group’s US$70 million acquisition of its third cement plant Mustehkam Cement as part of the Government’s Privatisation Programme. In the post acquisition period the Group has invested in excess of US$50 million[39] to increase Mustehkam’s cement manufacturing capacity to 1.1 million TPA. In the post acquisition period Bestway’s investment has contributed in creating 800 new jobs.

In October 2007 the company was granted an export license by the Bureau of Indian Standards.[40] In less than two years the Cement became the largest exporter of Pakistani cement to India.

Over the years similar export licenses have been granted for Dubai; South Africa; Sri Lanka and Turkey.

In June 2008 the Group’s fourth cement plant with a 1.8 million TPA capacity went into commercial production adjacent to the existing site in Chakwal[41] at a cost of US$180 million and 500 new jobs were added.

Bestway has also set up a 15 MW Waste Heat Recovery Power Plant (WHRPP) at its Chakwal plant site, the plant became operational in September 2009. The plant gained CDM (Clean Development Mechanism of the Kyoto Protocol) approval in August 2010. Bestway is the first company in the cement industry in Pakistan to have achieved this landmark.[42]

In November 2013 Mustehkam Cement was merged into Bestway Cement.[43]

In July 2014 the company acquired Lafarge’s 75.86% stake in Lafarge Pakistan Cement Ltd[44] for an enterprise value of US$329 million (€244 million). Lafarge Pakistan Cement Ltd operates an integrated cement plant in the north of Pakistan, close to Islamabad.[45] The company also acquired another 12.07% shares through a public offer, taking its shareholding in Lafarge Pakistan to 87.93%.[46]

Today, the company's cement operations have gone on to become the largest in Pakistan[47] with five modern state of the art cement plants, representing more than 8.0 million tons or 18% of the country's cement manufacturing capacity[48] and a workforce of over 4,000 people.

In October 2014 the company's environment friendly policies were recognised by the National Forum for Environmental and Health and it was awarded with an Environmental Excellence Award.[49]

In April 2015, Zameer Choudrey announced plans to invest US$30 million in Pakcem (formerly Lafarge Pakistan) plant. As part of the investment programme, Bestway would establish an environmentally friendly WHRP Plant at Pakcem.[50]

In July 2015, the company inaugurated two WHRP Plants (6 MW and 7.5 MW)[51] at its Hattar and Farooqia plants in KPK Province of Pakistan.[52] Speaking on the occasion, Zameer Choudrey said that these power plants will not only reduce the company's reliance on national grid but also help in alleviating the country's power crisis to a certain extent and reduce greenhouse gas emissions by 27,000 CMDs.[53][54]

Global banking

In October 2002 Zameer Choudrey led and managed the Group’s acquisition of United Bank Limited (UBL) which is today Pakistan's 2nd largest private bank.[55] He serves as a Director on the Board of UBL[56][57] and also chairs the Board Audit Committee. He is also a director of UBL Insurers.[58][59]

In August 2003, UBL launched Pakistan’s first derivative money market product.[60] In 2005, the bank acquired the status of Authorised Derivative Dealer – the only domestic bank to achieve this status.[61] It is also the first institution from Pakistan & third in South Asia to be accredited with Primary Membership of International Swaps & Derivatives Association.

In June 2007 the Global Depository Receipts of UBL were listed on the London Stock Exchange. The offering targeted institutional investors and raised in excess of US$650 million.[62]

In April 2010, UBL launched UBL Omni,[63] an in-house developed project designed to provide banking facilities to the unbanked population of Pakistan. As of June 2014 UBL Omni had a customer base in excess of 6.8 million, with over 1.5 million active cards in issue and 5 million monthly transactions valued at over US$253 million.[64] Through the success of UBL Omni 1.55 million previously unbanked individuals have opened mobile bank accounts with UBL in Pakistan.[64] Today, Omni Dukaan network has grown to 17,000 agents in over 800 cities and towns of Pakistan.

In January 2011 Zameer Choudrey played an instrumental role in the Group's decision to increase its shareholding in (UBL)[65] to 51.07% by acquiring an additional 20% of the shares from the Abu Dhabi Group.[66] This was a total investment of US$230.0 million in Pakistan's second largest private commercial bank.[67][68]

The Bank added 200 branches in 2011 and 2012, thus increasing its domestic network to over 1,300 online branches[69] with 800 ATMs.

In June 2012, UBL led consortium acquired 67.4% stake in Khushhali Bank, which is the largest micro-finance institution in Pakistan.[70] In the post acquisition period the bank's loan portfolio has increased by 77.80% from US$46.82 million in June 2012 to US$83.24 million in December 2013. Khushhali Bank's deposit base has grown by 194.76% from US$23.00 million in June 2012 to US$67.80 million in December 2013.

In June 2013 the bank established its first dedicated African subsidiary in Tanzania.[71] Tanzania is one of the most under served markets in East Africa with only 12% of the country's population having access to a bank account.[72] The subsidiary was officially opened by the Vice-President of Tanzania Dr Mohamed Gharib Bilal[73] on 4 September 2013.[74]

In December 2013, the Group, increased its shareholding in UBL to 61.37% by acquiring an additional 10.3% of the shares from the Abu Dhabi Group.[75] Through an investment of over $120 million, Bestway Group has acquired the entire shareholding of its former joint venture partner the Abu Dhabi Group.[76]

In March 2014 UBL Omni[77] was launched in the United Kingdom to facilitate remittances from the UK to the South Asian subcontinent.[78] At the launch of UBL Omni Bestway CEO Zameer Choudrey commented: "The launch of UBL Omni is part of Bestway Group’s at the Heart of the Community Strategy – which seeks to place our Group’s diverse interests at the very centre of the local communities".

In June 2014, the Government of Pakistan sold its remaining 20% stake in UBL for US$387 million. This was Pakistan's first transaction in the global equity market in almost eight years.[79]

UBL has assets of more than one trillion Pakistani rupees ($12.47 billion).[80] UBL has a vast network of over 1,320 branches in Pakistan and a significant presence UAE;[81][82] Bahrain;[83] Qatar;[84] Oman [85] and Yemen[86][87] subsidiaries in UK[88] and Switzerland,[89] a branch in New York[90] and representative offices in Beijing[91] and Kazakhstan. UBL provides employment to over 17,700 people and serves over 5 million customers.

Industry recognition

August 2014 – Global Finance Magazine – UBL – "The Best Consumer Internet Bank in Pakistan"[92]

November 2013 – Banker Magazine – UBL – "The Bank of the Year in Pakistan 2013"[93]

November 2012 – Banker Magazine – UBL – "The Bank of the Year in Pakistan 2012"[94]

June 2012 – Asia Money Magazine – UBL- "Best Domestic Bank for Pakistan 2012"[95]

June 2007 – Asia Money Magazine – UBL- "Best Domestic Bank for Pakistan 2007"[96]

Pharmacy

As part of the Group's diversification strategy,[97] in July 2014 the Group acquired the Co-op’s pharmacy business[98] for £620 million.[99] Co-op pharmacy is the UK’s third largest independent pharmacy business and the largest in Wales with 795 stores nationwide.

At time of the acquisition Zameer Choudrey[100] Bestway Group Chief Executive, said: "The Co-operative Pharmacy is a strong, competitive business operating in a sector where demographic trends show an increasing demand for healthcare services among the wider community.[101] We see great potential to grow the business organically and through future acquisitions".[102]

In February 2015,[103] the Group re-branded the Co-op Pharmacy Business to Well Pharmacy. Zameer Choudrey[104] has pledged to give Well strong support by committing to invest £200m[105] over the next five years to help develop and grow the business, and to make sure Well continues to serve its customers and local communities to the high standard the business has always delivered.[106]

In October 2015, the Chancellor of the Exchequer performed the formal opening of the Well Pharmacy's head office in Manchester.[107]

Philanthropy

In 1987, Choudrey was a founding Trustee of Bestway Foundation[108] – a charitable trust of the Bestway Group that works exclusively in the health[109][110] and education sectors.[111][112]

Between 1992–2002, he served as Governor John Kelly Boys & Girls Schools (Crest Academies).

In 1997 Bestway Foundation Pakistan was established and Zameer Choudrey was appointed Chairman of Bestway Foundation Pakistan.[113]

Between 2004–2008, he was a member of the Confederation of British Industry's Economic Affairs Committee.

In November 2005 Bestway Group was honoured with the ‘Social Responsibility Award’ at the JP Morgan 2005 Family Business Honours [114] in recognition of demonstrating excellent standards of philanthropy and good citizenship.

Between 2008 and 2010 Zameer Choudrey served as Chairman of NGBF Trading Limited – the trading arm of GroceryAid.[115]

In April 2009 he joined the Board of Trustees of Crimestoppers UK.[116][117]

In March 2010, he[118] joined the trade industry’s flagship charity GroceryAid[119][120][121] as a Trustee.

In May 2010, He was appointed as Deputy chairman of the Pakistan Britain trade & Investment Forum.[122][123]

He became a member of HRH Prince of Wales Pakistan Recovery Fund International Leadership Team in 2011.[124]

In February 2013, the Bestway Foundation and University of Bradford signed a five-year agreement that committed £250,000 each to jointly fund five annual scholarships to support postgraduate students applying from Pakistan.[125]

In April 2013 Zameer Choudrey was invited by the British Asian Trust to join their UK Advisory Council.[126] This new appointment will allow Zameer to increase awareness of the Trust’s work in the UK especially within the independent retail trade as well as the wider Asian diaspora.[127]

In May 2013 he was appointed Governor of The Rainbow Foundation.[128] The Foundation seeks to enhance the role and participation of ethnic minorities in the UK’s civil service and the FTSE listed private enterprises.[129]

In May 2014 Bestway Cement Limited was ranked 10th out of 478 PLCs by volume of donations in Pakistan according to Pakistan Centre for Philanthropy’s (PCP) Philanthropy Survey 2012.[130]

In October 2014 Bestway Foundation (Rs. 50 Million) [131] and United Bank Limited[132] (Rs. 100 Million) donated Rs. 150 Million to Foreman Christian College Lahore, Pakistan. FC College which is one of the oldest academic institutions of South Asia was founded in 1864 by Dr Charles W Forman, a Presbyterian missionary from the United States of America.

The Bestway Foundation has become a major contributor to youth focused charities such as the Duke of Edinburgh's Award[133] and Prince's Trust.[134]

In May 2015 the charitable trust gave £1 million towards graduate scholarships at the University of Oxford.[135] The gift will create an endowment that will enable two graduate students from Pakistan[136] per year to study at Oxford, in perpetuity, through the Oxford-Sir Anwar Pervez Graduate Scholarships.[137]

The company has donated in excess of £13.0 million to the charitable trust in the UK[138][139] and provided over US$9.0 million to health, education[140][141] and humanitarian causes in Pakistan.[140][142][143][144]

Choudrey was appointed Commander of the Order of the British Empire (CBE) in the 2016 New Year Honours for services to the wholesale industry and charity.[145]

Politics

A long-standing supporter of UK's Conservative Party, Zameer Choudrey[146][147] in August 2013 was appointed the Co-Chairman of the Conservative Friends of Pakistan.[148][149]

References

  1. ↑ "Britain's Seven Biggest Family-Owned Businesses". Forbes. Retrieved 2015-12-14.
  2. ↑ "Video: Business Club video: Bestway Group". Telegraph. 2015-10-08. Retrieved 2015-12-14.
  3. ↑ Zameer Mohammed Choudrey. "Zameer Mohammed Choudrey BA (Hons), FCA: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2015-12-14.
  4. ↑ "Rich List | Public". The Sunday Times. Retrieved 2015-12-14.
  5. ↑ "Bestway Limited". Companies House. Retrieved 14 December 2015.
  6. ↑ "University awards honorary degrees - University of Kent". Kent.ac.uk. Retrieved 2015-12-14.
  7. ↑ "Bestway Cement Ltd, BWCL:KAR directors and dealings". Markets.ft.com. Retrieved 2015-12-14.
  8. ↑ "Corporate world" (PDF). Lucyreid.co.uk. 2013. Retrieved 2015-12-15.
  9. ↑ "United Bank Ltd, UBL:KAR directors and dealings". Markets.ft.com. Retrieved 2015-12-14.
  10. ↑ "UBL Insurers charms Bestway Cement". Brecorder.com. Retrieved 2015-12-14.
  11. ↑ "Bestway boss Zameer Choudrey on how he'll move forward". Telegraph. Retrieved 2015-12-14.
  12. ↑ Marcus Leroux (2014-07-26). "Manifesto: doubters scoffed every step of the way, but Bestway chief has the last laugh". The Times. Retrieved 2015-12-14.
  13. ↑ "Co-operative sells pharmacies to Bestway in £620m deal". The Guardian. Retrieved 2015-12-14.
  14. ↑ "Bestway To Buy Co-op Pharmacy Arm For £620m". News.sky.com. 2014-05-16. Retrieved 2015-12-14.
  15. ↑ "Bestway Snapshot : July 2013" (PDF). Lucyreid.co.uk. Retrieved 2015-12-15.
  16. ↑ "The Co-operative Group agrees to sell Pharmacy business for £620 million to Bestway Group". Co-operative.coop. 2014-07-18. Retrieved 2015-12-14.
  17. ↑ "Company profile". Fasttrack.co.uk. Retrieved 2015-12-14.
  18. ↑ Finance. "Bestway pays £100m cash to carry off rival chain". Telegraph. Retrieved 2015-12-14.
  19. ↑ http://webarchive.nationalarchives.gov.uk/20140402142426/http://www.oft.gov.uk/OFTwork/mergers/decisions/2005/bestway
  20. ↑ "Bestway Takes Over Bellevue". Scotland Food and Drink. 2010-06-22. Retrieved 2015-12-14.
  21. ↑ Peter Cripps (2010-06-21). "Bestway snaps up Scots wholesaler Bellevue". Thegrocer.co.uk. Retrieved 2015-12-14.
  22. ↑ Beth Brooks (2011-10-22). "Bellevue and Martex swell Bestway’s sales". Thegrocer.co.uk. Retrieved 2015-12-14.
  23. ↑ "Bestway wins Investors in People Award". Betterwholesailing.com. 14 March 2014. Retrieved 2015-12-15.
  24. ↑ Beth Brooks (2014-08-01). "How Bestway transformed its Glasgow depot: in pictures". Thegrocer.co.uk. Retrieved 2015-12-14.
  25. ↑ Beth Brooks (2014-04-04). "Bestway buys Glasgow wholesaler Sher Bros". Thegrocer.co.uk. Retrieved 2015-12-14.
  26. ↑ James Halliwell (2015-08-19). "Grocer Cup 2015 shortlist announced". Thegrocer.co.uk. Retrieved 2015-12-14.
  27. ↑ "Food and grocery industry applauds success at IGD Awards". Retail Times. Retrieved 2015-12-14.
  28. ↑ "Bestway Chief Exec lifts cup | Scottish Local Retailer Magazine". Slrmag.co.uk. Retrieved 2015-12-14.
  29. ↑ "UK: IGD Awards Recognise Grocery Industry’s Hard Work, Commitment And Innovation". Kamcity.com. 2015-10-08. Retrieved 2015-12-14.
  30. ↑ "IGD Awards 2015 – winners revealed". Talkingretail.com. Retrieved 2015-12-14.
  31. ↑ https://www.bestway.co.uk/news.php?id=984
  32. ↑ https://www.bestway.co.uk/news.php?id=403&num=18
  33. ↑ Archived 21 June 2013 at the Wayback Machine
  34. ↑ "Bestway: the King in the North | Business Recorder". Brecorder.com. Retrieved 2015-12-14.
  35. ↑ "Bestway Cement Plant is the Largest Foreign Investment by an Expatriate Pakistani". Connection.ebscohost.com. Retrieved 2015-12-14.
  36. ↑ "Bestway Cement declares cash dividend". Cemnet.com. Retrieved 2015-12-14.
  37. ↑ http://www.bestway.com.pk/news.html
  38. ↑ "CMBC-News". Cbmc-cn.com. Retrieved 2015-12-14.
  39. ↑ "Bestway injects Rs1.25b into Mustehkam Cement". The Express Tribune. 6 April 2011.
  40. ↑ "List of Licences Granted to Cement Manufacturers under Foreign Manufacturers Scheme of BIS" (PDF). Bis.org.in. Retrieved 2015-12-15.
  41. ↑ "CMBC-News". Cbmc-cn.com. 2006-07-31. Retrieved 2015-12-15.
  42. ↑ "Rs 2.5b waste heat recovery power plant". The Nation. 19 January 2011.
  43. ↑ "The-News-International-Latest-News-Breaking-Pakistan-News". Thenews.com.pk. Retrieved 2015-12-15.
  44. ↑ "Pakcem Ltd, PAKCEM:KAR summary - FT.com". Markets.ft.com. Retrieved 2015-12-15.
  45. ↑ "Lafarge Pakistan sold to Bestway Cement". World Cement.
  46. ↑ "Expanding foothold: Bestway takes control of Lafarge management". The Express Tribune. 24 April 2015.
  47. ↑ "Bestway Cement acquires Lafarge Pakistan". World Cement.
  48. ↑ Nabeel Anwar Dhakku. "Bestway acquires Lafarge cement plant". Dawn.com. Retrieved 2015-12-15.
  49. ↑ "Organizations get award for environment-friendly policies". Pakobserver.net. Retrieved 2015-12-15.
  50. ↑ http://www.globalcement.com/news/itemlist/tag/Pakcem
  51. ↑ "Pakistan: Bestway Cement and Pakcem results update". Cemnet.com. Retrieved 2015-12-15.
  52. ↑ "Bestway Cement inaugurates two waste heat recovery plants". World Cement.
  53. ↑ "Bestway Cement installs waste heat recovery plants". The Nation. 25 July 2015.
  54. ↑ "Business Recorder". Brecorder.com. Retrieved 2015-12-15.
  55. ↑ "Case study : United Bank Limited Supports Cash Transfer Payments" (PDF). Gsma.org. Retrieved 2015-12-15.
  56. ↑ "The-News-International-Latest-News-Breaking-Pakistan-News". Thenews.com.pk. Retrieved 2015-12-15.
  57. ↑ "United Bank Ltd (UBL.KA) People". Reuters.com. Retrieved 2015-12-15.
  58. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  59. ↑ "UBL Insurers - The Company: Profile". Ublinsurers.com. Retrieved 2015-12-15.
  60. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  61. ↑ http://www.ubldirect.com/Corporate/BankingServices/treasury/home.aspx
  62. ↑ http://archives.dailytimes.com.pk/business/24-Jun-2007/ubl-s-gdr-gets-650-million
  63. ↑ "UBL Omni identified as "sprinter" in global survey". Pakistantoday.com.pk. Retrieved 2015-12-15.
  64. 1 2 "Bestway Foundation :: Bestway Group". Bestwaygroup.co.uk. Retrieved 2015-12-15.
  65. ↑ "Abu Dhabi sells 20% UBL stake". Emirates 24-7.
  66. ↑ "Bestway Group Invests $230 Million in United Bank Limited". Bloomberg.com. Retrieved 2015-12-15.
  67. ↑ "Bestway Group Invests $230 Million in United Bank Limited - Pakistan Company News". Pakistancompanynews.com. Retrieved 2015-12-15.
  68. ↑ "Bestway Group Invests $230 Million in United Bank Limited". Prnewswire.co.uk. 26 January 2011. Retrieved 2015-12-15.
  69. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  70. ↑ http://www.pmn.org.pk/assets/articles/MicroNOTE%2020%20-%20Unlocking%20Synergies%20.pdf
  71. ↑ "Home". Ippmedia.com. Retrieved 2015-12-15.
  72. ↑ "New bank secures licence to operate in Dar market". Thecitizen.co.tz. 4 June 2013. Retrieved 2015-12-15.
  73. ↑ "Photographic image" (JPGF). Mationalyemen.com. Retrieved 2015-12-15.
  74. ↑ "Latest news, comments and reviews from The Gulf Today". Gulftoday.ae. 2013-09-19. Retrieved 2015-12-15.
  75. ↑ "Bestway takes control of Pakistan banking arm UBL". TheGrocer.co.uk.
  76. ↑ "Bestway Group Invests Over $120 Million In United Bank Limited". ABestwaygroup.co.uk. Retrieved 2015-12-15.
  77. ↑ "UBLUK Omni - Money Transfer Server". Ublukomni.com. Retrieved 2015-12-15.
  78. ↑ "Pakistan’s UBL launches branchless banking Omni in UK". DailyTimes.
  79. ↑ "Approval: Deal sealed to sell govt’s remaining UBL stake". The Express Tribune. 13 June 2014.
  80. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  81. ↑ Ashfaq Ahmed. "UBL offers seamless banking to Pakistanis abroad". Gulfnews.com. Retrieved 2015-12-15.
  82. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  83. ↑ "United Bank Limited > Bahrain > Brief History". Ubldirect.com. Retrieved 2015-12-15.
  84. ↑ "The Peninsula Qatar - UBL expands reach, supports local business: Group executive". Thepeninsulaqatar.com. Retrieved 2015-12-15.
  85. ↑ "The Peninsula Qatar - UBL and Omani firm mark 30 years of association". Thepeninsulaqatar.com. Retrieved 2015-12-15.
  86. ↑ "Business Intelligence Middle East". Bi-me.com. Retrieved 2015-12-15.
  87. ↑ "Annual Corporate Meeting: UBL Yemen Updates Its Businessmen Partners". Nationalyemen.com. Retrieved 2015-12-15.
  88. ↑ "Exchange rates: buying and selling". Business Recorder.
  89. ↑ "United Bank Limited". Ubldirect.com. Retrieved 2015-12-15.
  90. ↑ "UBL NY: Fast Money Transfers For Less". Ublny.com. Retrieved 2015-12-15.
  91. ↑ "Pakistani bank UBL launches first representative office in China - People's Daily Online". English.people.com.cn. Retrieved 2015-12-15.
  92. ↑ http://tribune.com.pk/story/746575/bagging-an-award-ubls-consumer-internet-services-win/
  93. ↑ "UBL wins 'Bank of the Year 2013 Pakistan' Award for second consecutive time" (PDF). Ubldirect.com. Retrieved 2015-12-15.
  94. ↑ "UBL wins ‘Bank of Year’ award". The Nation. 18 December 2012.
  95. ↑ "Asiamoney magazine: UBL declared ‘Best Domestic Bank’". The Express Tribune. 20 June 2012.
  96. ↑
  97. ↑ "White & Case Advises Financing Banks on Bestway Group's £620 Million Acquisition of Co-op Pharmacy". Whitecase.com. Retrieved 2015-12-15.
  98. ↑ "February 2015". Acquisition-intl.com. Retrieved 2015-12-15.
  99. ↑ "Bestway purchases Co-operative Group pharmacy business for £620m". Link2portal.com. Retrieved 2015-12-15.
  100. ↑ "Bestway aims high in the UK pharmacy market". Pharmaceutical Journal.
  101. ↑ "Co-op sells its Pharmacy business to Bestway Group in £620m deal". This is Money. 18 July 2014.
  102. ↑ Nassos Stylianou (18 July 2014). "Co-operative pharmacy group sold to Bestway for £620m- [site:name] - City A.M.". Cityam.com. Retrieved 2015-12-15.
  103. ↑ Alex Lawson (10 February 2015). "NHS key to Co-op Pharmacy rebrand". The Independent.
  104. ↑ "The Big Interview: Zameer Choudrey". Pharmacy.biz. Retrieved 2015-12-15.
  105. ↑ Findlay Stein. "All is Well with Cooperative Pharmacy rebrand". Scottish Local Retailer Magazine.
  106. ↑ "Co-operative Pharmacy brand to disappear after 70 years". Telegraph.co.uk. 10 February 2015.
  107. ↑ Shelina Begum (7 October 2015). "George Osborne declares new Well Pharmacy Manchester HQ open". men.
  108. ↑ "Archive - 2013 - University of Bradford". Bradford.ac.uk. Retrieved 2015-12-15.
  109. ↑ "Sir Anwar Pervez - Neurological Disorders - Neuromuscular Conditions". Neurological Disorders - Neuromuscular Conditions.
  110. ↑ "Bestway raises £60,000 for Royal Marsden Charity". Talking Retail.
  111. ↑ "Sairah Sheikh — The Nuffield Department of Obstetrics & Gynaecology". Obs-gyn.ox.ac.uk. Retrieved 2015-12-15.
  112. ↑ "THE BESTWAY FOUNDATION". Opencharities.org. Retrieved 2015-12-15.
  113. ↑ "Bestway Group celebrates 50 years of philanthropyPakistantoday.com.pk". Retrieved 2015-12-15.
  114. ↑ http://archive-edu-2012.com/edu/l/2012-11-06_598025_56/Research-agenda-at-London-Business-School/
  115. ↑ "GroceryAid - Trustees and Patrons". Grocery Aid.
  116. ↑ "Crimestoppers Trust Report and annual Accounts for the Year Ended 31 March 2010" (PDF). Crimestoppers-uk.org. Retrieved 2015-12-15.
  117. ↑ "Trustee Directors". Crimestoppers-uk.org. Retrieved 2015-12-15.
  118. ↑ "GroceryAid issues Christmas rallying call". ConvenienceStore.co.uk.
  119. ↑ "GroceryAid - Bestway and GroceryAid: a winning combination". Grocery Aid.
  120. ↑ Kevin Whitlock. "Bestway’s Ascot bash raises £100K for GroceryAid". Wholesalenews.co.uk. Retrieved 2015-12-15.
  121. ↑ "GroceryAid - News". Grocery Aid.
  122. ↑ "PAKISTAN BRITAIN TRADE AND INVESTMENT FORUM, FINANCE AND MINING BRIEFING EVENT" (PDF). Iptu.co.uk. Retrieved 2015-12-15.
  123. ↑ "UK Trade & Investment". Events.ukti.gov.uk. Retrieved 2015-12-15.
  124. ↑ http://www.cosaraf.org/akbar-sheikh-appointed-on-prf-international-leadership-team/
  125. ↑ "Archive - 2013 - University of Bradford". Bradford.ac.uk. Retrieved 2015-12-15.
  126. ↑ "Generous support at The Asian Business Awards helps The British Asian Trust raise over £5,000". The British Asian Trust.
  127. ↑ "Our Supporters". The British Asian Trust.
  128. ↑ "Photographic image" (JPG). Keithvazmp.com. Retrieved 2015-12-15.
  129. ↑ Winnie Agbonlahor. "Kerslake calls for permanent secretaries to set ‘clear’ staff diversity targets in departments". Civil Service World. Retrieved 2015-12-15.
  130. ↑ "Cash & Carry and Retail Industry News :: Bestway Cash & CarryBestway.co.uk". Retrieved 2015-12-15.
  131. ↑ "UBL donates Rs 100 million to extend BSS building at FCC". Business Recorder.
  132. ↑ "UBL donates Rs 100 mil to extend FCC’s Business and Social Sciences Building". Fccollege.edu.pk. Retrieved 2015-12-15.
  133. ↑ "DofE supporters - the DofE". WDofe.org. Retrieved 2015-12-15.
  134. ↑ "Bestway Presents £60,000 to the Prince's Trust". Bestway.co.uk. Retrieved 2015-12-15.
  135. ↑ Bestway sets up £1.8 million fund at Oxford Uni for Pakistan students. 22 June 2015 – via YouTube.
  136. ↑ "Bestway will sponsor two Oxford University students every year". World Cement.
  137. ↑ "Campaign News - Oxford Thinking - University of Oxford". Campaign.ox.ac.uk. Retrieved 2015-12-15.
  138. ↑ Lisa Jenkins. "Bestway donate £100,000 to Action for Children charity". The Caterer.
  139. ↑ "Zameer Choudrey spells out Bestway’s commitment to help Dyslexia sufferers". Wholesale Manager - The news magazine for the UK wholesale and cash & carry industry.
  140. 1 2 "Sir Anwar Pervez inaugurates UBL Sports Arena and Boys Hostel at IBA Karachi". Iba.edu.pk. Retrieved 2015-12-15.
  141. ↑ "UBL Establishes PKR 10 Million Endowment Fund at LUMS". Lums.edu.pk. 3 December 2013. Retrieved 2015-12-15.
  142. ↑ "Karachi School of Business Leadership". Ksbl.edu.pk. Retrieved 2015-12-15.
  143. ↑ "UBL’s CSR initiative". The Nation. 22 March 2013.
  144. ↑ "Bestway at the heart of the community" (PDF). Bestwaygroup.co.uk. Retrieved 2015-12-15.
  145. ↑ The London Gazette: (Supplement) no. 61450. p. N8. 30 December 2015.
  146. ↑ "The-News-International-Latest-News-Breaking-Pakistan-News". Thenews.com.pk. Retrieved 2015-12-15.
  147. ↑ Conservatives appeal for British Pakistani votes as tough 2015 elections near. 18 March 2015 – via YouTube.
  148. ↑ "CFoP announces three new appointments". Conservative Friends.
  149. ↑ "The-News-International-Latest-News-Breaking-Pakistan-News". Thenews.com.pk. Retrieved 2015-12-15.
This article is issued from Wikipedia - version of the Tuesday, February 02, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.