ENSHAANLC is a Private Limited Company, incorporated with the Securities and Exchange Commission of Pakistan on May 11, 2006 under the Companies Ordinance, 1984. The registered office of the Company is situated at Mezzanine Floor, Shopping Arcade, Sheraton Hotel & Towers, Karachi.
The Company is a joint venture of ENSHAA Holdings Limited, Mauritius (EHL) and NLC Developers (Pvt) Limited (NDPL). The shareholding of EHL is 51% and of NDPL is 49%.
Among others, EHL is owned by Emirates Investment Group (EIG), Sharjah, Majid Al Futtaim (MAF), Dubai and Abraaj Capital, Dubai.
Enshaa has investment in major real estate projects throughout the Middle East and South Asia. Its current real estate investment include Emirates International Holdings, Palazzo Versace Gold Coast, Palazzo Versace Dubai, Emirates Financial Tower Ltd., White Bay etc.
Emirates Invesment Group LLC (EIG) is an investment company based in the United Arab Emirates with interests in the Middle East and Asia Pacific regions. The Dynamic investment Group sources unique business development opportunities and works closely with established companies through partnerships. With an initial focus on Financial Services and Real Estate, EIG is expanding its portfolio with new investments in the Trading, Industry and Aviation sectors. Names of EIG's companies are given below:
• Emirates Global Islamic Bank Ltd.
• Trust Securities & Brokerage Ltd.
• Emirates Tarian
• Takaful Pakistan Ltd.
MAF Group consists of a number of core businesses that complement one another, yet are separately managed. This provides maximum flexibility and potential, enabling the operating divisions to seize their own opportunities yet work together on major projects. The four major operating subsidaries include:
• MAF Properties LLC.
• MAF Trust LLC.
• MAF Retail LLC.
• MAF Ventures LLC.
NDPL is a fully owned company of National Logistics Corporation, Rawalpindi (NLC). NLC is formed by the Government of Pakistan mainly for providing uninterrupted logistic facilities in the country. NLC is also engaged in construction activities mainly in infrastructure rehabilitation. NLC is working on a number of real estate development projects in Karachi, Lahore and Islamabad.
Abraaj Capital is a leading asset management firm. Its shareholders include some of the most prominent institutions, business groups like Sheikh Abdulrahman Al Turki-Saudi Arabia, Mr Hussain Al Nowais-UAE, Al Jaber Group-UAE, Mr Hamid Jafar-UAE, Mr Saud Kano-Bahrain, Sheikh Sultan bin Saqr Al Qassimi-UAE, Sheikh Nawaf Nasser bin Khalid Al Thani-Qatar etc. Names of the Abraaj Real Estate Fund L.P. portfolio companies are given below:
• ABANAR LLP
• ART Marine Holdings Ltd
• The Dead Sea for Conferences and Exhibitions Company
• Emirates Heights Development Company Ltd
• Signature Clubs International LLC
• Emirates International Holding