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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
  • 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. [1]
  • 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
  • World Zakat Fund - The BMB Group owns 50% of the General Partnership

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
  • 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
  • BMB Stewardship LLC

References

  1. ^ Likus, Anita (2010-06-23). "BMB Group Ties Up With Alliance Capital". WSJ. Retrieved 2010-11-04.
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