Dubai, UAE, July 2008: HBG Holdings (“HBG”), a leading Jeddah and Dubai based investment firm specializing in private equity and real estate investments in the Middle East and South Asia, today announced the appointment of former Pakistan Trade and Industry Minister Razak Dawood as Advisory Director.
Mr. Dawood joins HBG at a time when the firm is seeking to extend its investment footprint into South Asia. A distinguished Pakistan-based business leader with a formidable track record in industry and government spanning over four decades, Razak Dawood is Chairman of Descon Engineering (“Descon”), one of Pakistan’s leading multinationals with interests in engineering, construction, chemicals, trading and IT. Mr. Dawood has served with distinction n various executive and non-executive roles such as Board member of ICI, State Bank of Pakistan and PIA as well as Managing Director of Dawood Hercules and Lawrencepur Woollen Mills.
