Their OWN Description:
"The BTU Group (BTU) is a growing, diversified group of companies engaged in project development, equity investment, and asset management, focusing on the energy and energy-related industries in the Middle East, North Africa, and North and South East Asia.
The BTU Group has close to $600 million in committed capital exclusively for power generation and water desalination projects, and is in the process of increasing its capital to $1 billion. Shareholders of the BTU Group include leading publicly traded companies, institutional investors and investment banks in the Gulf Cooperation Council (“GCC”) countries,"
Link: TAPCO - About Us (vintage, October 2010) (section on BTU Power)
Their OWN Words:
"One speech given by Wael Al-Mazeedi, CEO and chairman of BTU Industries, outlined the activities of his $1 billion venture capital company, which invests in electrical power generation in China, South Korea, Taiwan, Tunisia and U.A.E."
Link: The Arab American News (May 16, 2008) (statement found in middle of article)
2 comments:
$1 Billion laughs.
Hey Anonymous, I wouldn't give him credit or the smarts to pull off a ponzi scheme. He lives in a bubble that is going to pop soon.
Smart investors do their research and I'm very glad to know that this the one of the best blogs sites to find out information on Mr. Wael Al-mazeedi.
This site is the quintesstial fact that he (Wael) is not all there.
Think "Nice landing...wrong airport!".
He does fly alot. I guess he cannot figure out what the rest of the world know of him. I am glad I did not invest with him.
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