NETSOL Appoints New CFO Sardar Abubakr
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Should l Buy NTWK?
Source: NASDAQ.COM
- Executive Change: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer, succeeding Roger Almond who will transition to Chief Accounting Officer, effective January 20, aiming to enhance the company's financial management capabilities.
- Extensive Experience: Abubakr brings over 20 years of international leadership experience, most recently serving as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, and his extensive industry background is expected to provide strategic financial guidance for NETSOL.
- Market Reaction: Following the announcement, NTWK shares traded down 1.61% in pre-market activity on Nasdaq, reaching $3.05, reflecting a cautious market sentiment regarding the executive transition, which may impact investor confidence.
- Future Outlook: With the new CFO's appointment, NETSOL may adjust its financial strategies and business expansion plans to adapt to the changing market environment and enhance overall competitiveness.
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About NTWK
NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions primarily serving the global leasing and finance industry. The Company is engaged in licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent to businesses in the global finance and leasing space. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s products include transcend platform, digital retail, intermediary portals, originations, servicing, wholesale finance, and mobility solutions. Its solutions include asset finance, automotive finance, and equipment finance. Its solutions include Omni Point of Sale (Omni POS), Contract Management System (CMS), Wholesale Finance System (WFS), Otoz Platform, Appex Now, Mobile Point of Sale (mPOS), Mobile Field Investigator (mFI), Otoz Digital Retail, Otoz Mobility Orchestration, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NETSOL China Achieves National High-Tech Enterprise Certification
- High-Tech Certification: NETSOL China's wholly-owned subsidiary, Tianjin Nuojin Zhicheng Technology Co., Ltd., has successfully achieved National High-Tech Enterprise certification, indicating authoritative validation of its core independent R&D capabilities and technological innovation system, thereby solidifying the company's technological foundation and compliance in the Chinese market.
- Enhanced Local R&D: The certification significantly strengthens NETSOL's R&D and delivery capabilities in China, enabling better support for customer needs regarding regulatory compliance, system stability, and continuous iteration, which in turn enhances customer satisfaction and market competitiveness.
- Unified Global Standards: Operating under a globally unified product architecture and technical standards, Tianjin Nuojin Zhicheng focuses on the automotive finance and leasing sectors, effectively implementing China-specific business rules and compliance requirements to ensure smooth project delivery and technical support.
- Strategic Market Positioning: NETSOL's success in China reflects its long-term commitment to building local technology capabilities aligned with global standards, and it looks forward to deeper collaboration with financial institutions, automotive groups, and industry partners to drive continuous innovation and stable market development.
See More
NETSOL Technologies Appoints New CFO
- Executive Appointment: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer effective January 20, 2026, indicating a strategic shift in financial management aimed at enhancing transparency and operational efficiency.
- Current CFO Transition: Current CFO Roger K. Almond will transition to Chief Accounting Officer, overseeing global accounting operations and the preparation of Forms 10-Q and 10-K, ensuring compliance and accuracy in financial reporting.
- Extensive Industry Experience: Prior to joining NETSOL, Sardar Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, where he led strategic transactions and major restructuring, which is expected to bring new growth opportunities and market insights to NETSOL.
- Future Outlook: This executive change not only reflects NETSOL's commitment to financial management but may also lay the groundwork for the company's strategic development and market expansion, enhancing its competitiveness in the digital ecosystem.
See More
NETSOL Appoints New CFO Sardar Abubakr
- Executive Change: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer, succeeding Roger Almond who will transition to Chief Accounting Officer, effective January 20, aiming to enhance the company's financial management capabilities.
- Extensive Experience: Abubakr brings over 20 years of international leadership experience, most recently serving as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, and his extensive industry background is expected to provide strategic financial guidance for NETSOL.
- Market Reaction: Following the announcement, NTWK shares traded down 1.61% in pre-market activity on Nasdaq, reaching $3.05, reflecting a cautious market sentiment regarding the executive transition, which may impact investor confidence.
- Future Outlook: With the new CFO's appointment, NETSOL may adjust its financial strategies and business expansion plans to adapt to the changing market environment and enhance overall competitiveness.
See More
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Walmart's Performance: Walmart has outperformed its industry with strong e-commerce growth and raised fiscal outlook, although it faces challenges from operating costs and market competition.
Wells Fargo's Growth Potential: Wells Fargo has seen strong earnings and growth opportunities following the removal of the asset cap, but it faces revenue pressures from mortgage banking and rising expenses.
Thermo Fisher's Innovations: Thermo Fisher has outperformed its sector through strategic innovations and acquisitions, although it faces liquidity concerns and market pressures from shifting U.S. policies.
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NETSOL Technologies' CEO to Ring Nasdaq Bell Celebrating 26th Anniversary
- Nasdaq Bell Ringing: NETSOL Technologies' Founder and CEO Najeeb Ghauri will ring the Nasdaq Opening Bell on December 18, 2025, at Times Square, New York, to celebrate the company's 26th anniversary as a Nasdaq-listed entity, highlighting its significant contributions to global technology innovation.
- Technology Platform Development: Since its inception in 1996, NETSOL has focused on building world-class technology platforms that support lenders and automotive dealerships across over 30 countries, showcasing its deep industry expertise in asset sales, financing, and lifecycle management.
- Client Trust and Collaboration: Ghauri emphasized that this milestone is not only a personal achievement but a collective success for the NETSOL team and its clients, reinforcing the company's mission to simplify complex commerce through technology and solidifying long-term partnerships with clients.
- Future Outlook: By leveraging cloud-native and AI-driven platforms, NETSOL is committed to addressing the complex needs of the global market, demonstrating its dedication to technological leadership and sustainability, which signals strong growth potential for the future.
See More
NETSOL Founder to Ring Nasdaq Bell Celebrating 26th Anniversary
- Historic Milestone: NETSOL Technologies will ring the Nasdaq bell on December 18, 2025, celebrating its 26th anniversary as a listed company, highlighting its significant contributions to global technology innovation.
- Technological Evolution: Since its inception in 1996, NETSOL has focused on developing AI-driven solutions for asset sales, financing, and leasing, deploying its platforms in over 30 countries to serve automotive dealerships and financial institutions.
- Leadership Recognition: Founder and CEO Najeeb Ghauri stated that this bell-ringing is not only a personal honor but also a recognition of the NETSOL team and clients, reflecting the company's ongoing pursuit of technological leadership and client trust.
- Future Outlook: NETSOL plans to continue driving technological innovation, committed to leveraging cloud-native and AI platforms to meet the complex needs of the global market, ensuring competitiveness in an ever-evolving business landscape.
See More
NETSOL China Achieves National High-Tech Enterprise Certification
- High-Tech Certification: NETSOL China's wholly-owned subsidiary, Tianjin Nuojin Zhicheng Technology Co., Ltd., has successfully achieved National High-Tech Enterprise certification, indicating authoritative validation of its core independent R&D capabilities and technological innovation system, thereby solidifying the company's technological foundation and compliance in the Chinese market.
- Enhanced Local R&D: The certification significantly strengthens NETSOL's R&D and delivery capabilities in China, enabling better support for customer needs regarding regulatory compliance, system stability, and continuous iteration, which in turn enhances customer satisfaction and market competitiveness.
- Unified Global Standards: Operating under a globally unified product architecture and technical standards, Tianjin Nuojin Zhicheng focuses on the automotive finance and leasing sectors, effectively implementing China-specific business rules and compliance requirements to ensure smooth project delivery and technical support.
- Strategic Market Positioning: NETSOL's success in China reflects its long-term commitment to building local technology capabilities aligned with global standards, and it looks forward to deeper collaboration with financial institutions, automotive groups, and industry partners to drive continuous innovation and stable market development.
See More
NETSOL Technologies Appoints New CFO
- Executive Appointment: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer effective January 20, 2026, indicating a strategic shift in financial management aimed at enhancing transparency and operational efficiency.
- Current CFO Transition: Current CFO Roger K. Almond will transition to Chief Accounting Officer, overseeing global accounting operations and the preparation of Forms 10-Q and 10-K, ensuring compliance and accuracy in financial reporting.
- Extensive Industry Experience: Prior to joining NETSOL, Sardar Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, where he led strategic transactions and major restructuring, which is expected to bring new growth opportunities and market insights to NETSOL.
- Future Outlook: This executive change not only reflects NETSOL's commitment to financial management but may also lay the groundwork for the company's strategic development and market expansion, enhancing its competitiveness in the digital ecosystem.
See More
NETSOL Appoints New CFO Sardar Abubakr
- Executive Change: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer, succeeding Roger Almond who will transition to Chief Accounting Officer, effective January 20, aiming to enhance the company's financial management capabilities.
- Extensive Experience: Abubakr brings over 20 years of international leadership experience, most recently serving as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, and his extensive industry background is expected to provide strategic financial guidance for NETSOL.
- Market Reaction: Following the announcement, NTWK shares traded down 1.61% in pre-market activity on Nasdaq, reaching $3.05, reflecting a cautious market sentiment regarding the executive transition, which may impact investor confidence.
- Future Outlook: With the new CFO's appointment, NETSOL may adjust its financial strategies and business expansion plans to adapt to the changing market environment and enhance overall competitiveness.
See More
Key Stock Updates for Walmart, Wells Fargo, and Thermo Fisher Scientific
Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Walmart, Wells Fargo, and Thermo Fisher, along with two micro-cap stocks, showcasing unique research on smaller companies.
Walmart's Performance: Walmart has outperformed its industry with strong e-commerce growth and raised fiscal outlook, although it faces challenges from operating costs and market competition.
Wells Fargo's Growth Potential: Wells Fargo has seen strong earnings and growth opportunities following the removal of the asset cap, but it faces revenue pressures from mortgage banking and rising expenses.
Thermo Fisher's Innovations: Thermo Fisher has outperformed its sector through strategic innovations and acquisitions, although it faces liquidity concerns and market pressures from shifting U.S. policies.
See More
NETSOL Technologies' CEO to Ring Nasdaq Bell Celebrating 26th Anniversary
- Nasdaq Bell Ringing: NETSOL Technologies' Founder and CEO Najeeb Ghauri will ring the Nasdaq Opening Bell on December 18, 2025, at Times Square, New York, to celebrate the company's 26th anniversary as a Nasdaq-listed entity, highlighting its significant contributions to global technology innovation.
- Technology Platform Development: Since its inception in 1996, NETSOL has focused on building world-class technology platforms that support lenders and automotive dealerships across over 30 countries, showcasing its deep industry expertise in asset sales, financing, and lifecycle management.
- Client Trust and Collaboration: Ghauri emphasized that this milestone is not only a personal achievement but a collective success for the NETSOL team and its clients, reinforcing the company's mission to simplify complex commerce through technology and solidifying long-term partnerships with clients.
- Future Outlook: By leveraging cloud-native and AI-driven platforms, NETSOL is committed to addressing the complex needs of the global market, demonstrating its dedication to technological leadership and sustainability, which signals strong growth potential for the future.
See More
NETSOL Founder to Ring Nasdaq Bell Celebrating 26th Anniversary
- Historic Milestone: NETSOL Technologies will ring the Nasdaq bell on December 18, 2025, celebrating its 26th anniversary as a listed company, highlighting its significant contributions to global technology innovation.
- Technological Evolution: Since its inception in 1996, NETSOL has focused on developing AI-driven solutions for asset sales, financing, and leasing, deploying its platforms in over 30 countries to serve automotive dealerships and financial institutions.
- Leadership Recognition: Founder and CEO Najeeb Ghauri stated that this bell-ringing is not only a personal honor but also a recognition of the NETSOL team and clients, reflecting the company's ongoing pursuit of technological leadership and client trust.
- Future Outlook: NETSOL plans to continue driving technological innovation, committed to leveraging cloud-native and AI platforms to meet the complex needs of the global market, ensuring competitiveness in an ever-evolving business landscape.
See More
