Burj Bank (Pakistan), now 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 attracted several leading individual and institutional investors, including 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 towards the end of 2016.

Reference website: https://www.AlBaraka.com.pk