owns a 51 percent stake in Pakistan-based bank, Habib Bank, which was fined by the US banking regulator for money laundering activities.
is the minority owner in Central Asian Telecommunications Development B.V with a 40% holding.
Backed by the Aga Khan Fund for Economic Development (AKFED
), Meridiana is also in difficult talks with its unions over the proposed laying off of 1'600 of its staff.
Smart Telecom is owned by Kenya's Industrial Promotion Services (IPS), which is the infrastructure and industrial development arm of the Aga Khan Fund for Economic Development (AKFED
), and has indicated that it plans to invest some $300m across the three EAC member states to improve its cellular market share.
Interestingly, both Kenya and Pakistan are countries in which the Aga Khan Fund for Economic Development (AKFED
) and affiliated institutions have an involvement in insurance through the Jubilee companies.
Indeed, among the aims outlined by UNESCO and the Agha Khan Award for Architecture (Akafa 1978; Abu Lughod 1978) and actualized by the Agha Khan Fund for Economic Development (AKFED
) in its restoration projects in Damascus' Old City, is the education of the local population for the safeguard of their patrimonialized neighborhoods (harat).
The airline was founded in May 2012 by the government of the Ivory Coast, Air France and the AKFED
group; and started commercial operations in November 2012 from its home base in Abidjan.
The airline is a partnership with Air France (AF) and the Aga Khan Fund for Economic Development (AKFED
), the economic development agency of the Aga Khan Development Network (AKDN).
The Aga Khan Fund for Economic Development (AKFED
), part of the Aga Khan Development Network (AKDN), is a major shareholder of Roshan and promotes private initiatives in +building economically sound enterprises in the developing world.
On December 29, 2003 Pakistan's Privatization Commission announced that the Government of Pakistan had formally granted the Aga Khan Fund for Economic Development (AKFED
) rights to 51% of the shareholding in HBL, against an investment of PKR 22.409 billion (USD 389 million).
The Serena Hotels group is part of the Tourism Promotion Services (TPS) owned by the Aga Khan Fund for Economic Development (AKFED
), one of several branches of the very active conglomerate, the Aga Khan Development Network Agencies (AKDN).
Aga Khan Fund for Economic Development SA (AKFED
), which is registered in Switzerland, is HBL's largest shareholder with 51% followed by The State Bank of Pakistan (SBP/central bank) with 41.5%.