BMB Group

BMB GROUP LIMITED

The BMB Group Ltd was founded in 2004 and has since then has multiple start up companies until 2010. The Company is active in the areas of oil, gas, real estate, energy, Islamic finance, bank acquisitions, alternative asset management, hedge funds and charity work. Rayo Salahadin Withanage is the founder and Executive Chairman of the Group. Rahula Jibrael Withanage is its CEO.

Significant investments and Events

• 2004-2007 Takes over Family Office of H.H. Prince Abdul Ali 'Yil-Kabier managing $2 billion in cash and stocks
• 2008 Acquired a 50% equity stake of the General Partnership of $7.5 billion emerging markets private equity firm, EMP Global LLC, investing $100 million into the company.
• 2007-2008 Acquires Islamic Team for BMB Islamic from Deutsche Bank subsidiary, Dar al Istithmar - Dar Al Istithmar retains same Board
• 2008-2009 Granted Asset Management of Newly Formed World ZAKAT Fund - Controls 50% of General Partnership. Investment made was $1,500,000.00
• 2008-2009 Takes over Family Office of H.H. Prince Jefri and his son H.H. Prince Bahar (Not confirmed nor denied by BMB Group Ltd)
• 2010 Acquires Contrarian Capital and Beacon Hospitality Partners SARL - Investment made $1,000,000.00
• 2010 Acquires 50% of Alliance Capital Group for $750 million but commits to raising $5 billion. Asset Under Management reported at $4.5 billion.
• 2010 Forms Joint Venture to create BMB Malaysia with Mahmud Taib, son of Chief Minister of Sarawak. Made an offer to buy Kerzner International Holdings Limited for $4,000,000,000.00 citing Standard Chartered and GIC of Singapore as coinvestors.
• 2010 Buys an A380 jet for over $300 million spending another $200 million on modifications, including marble-paneled dining room, a fiber-optic mosaic to depict Borneo rainforest, a movie theatre, a gym with Nautilus equipment and running machines and an art gallery to display Asian antiquities.

Board Seats on Other Orgnizations

• EMP Global LLC: Member of the Board since BMB Group Ltd owns 50% of the General Partnership.
• Royal Islamic Counsil - Rayo Withanage is Member of the Board - Source Press Article (former Website www.ric.com)
• World Zakat Fund - The BMB Group owns 50% of the General Partnership
• BMB Saudi Zakat Fund - BMB owns 50% along with Saudi Prince with initial investment from Prince of $35,000,000.00

Philanthropy

• World Zakat Fund LLC - Cayman Islands

Past Companies Started and Closed or Renamed

• BMB Capital SPC -Cayman Islands
• BMB Resources SPC, - Cayman Islands
• BMB Alternative Investments LLC - Cayman Islands
• EMP Capital LLC - Cayman Islands
• World Zakat Fund LLC - now called World Zakat Foundation LLC. - Cayman Islands
• BMB Bank Acquisitions LLC - Cayman Islands - Source (Press Article reference below)
• BMB Advisors UK Ltd - United Kingdom (2007- current) Public Records show annual revenue at GBP 210,000.00 for 2009, GBP 190,000.00 for 2008. Source: Companies House Public Records
• BMB InvestmentsLLC - www.bmbinvestments.com - source www.bmbislamic.com link to BMB Websites
• BMB Stewardship LLC - Source www.bmbislamic.com link to BMB Websites

External links

• thebmbgroup.com The BMB Group
• empglobal.com EMP Global
• .albawaba.com / BMB CAPITAL 2006 Press Statement
• ameinfo.com / BMB Global ZAKAT
• euromoney.com / BMB Article EURO MONEY - No Objectives Achieved
• bmbislamic.com / BMB Article - ISLAMIC Press Statements 2007
• brudirect.com / PRIME MINISTER OF BRUNEI STATES BMB GROUP DOES NOT REPRESENT BRUNEI / NO LICENSE TO OPERATE IN BRUNEI
• cpifinancial.net / DAVID GIBSON MOORE 2008 PRESS RELEASE leaves BMB in early 2010
• efinancialnews.com / CHRIS WALKER PRESS ANNOUNCEMENT OCTOBER 2008 - DEPARTS GROUP 7 MONTHS LATER
• pwmnet.com / RAYO WITHANAGE September 2010 on Wealth Management
• withanage.com WITHANAGE GROUP WEBSITE
• bmbislamic.com / BMB ISLAMIC WEBSITE - SEE OFFICE LOCATIONS
• bruneistudent.com / Brunei Firm Launches US$5b Syariah Funds
• bmbgroupltd.com / BMB ALLIANCE WEBSITE 2010