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Arif Habib-Personality of the Week

 

arifhabibMr. Arif Habib is Pakarab Fertilizers’s Chairman. Also, he is the Chairman of Arif Habib Corporation Limited, Thatta Cement Company Limited, Fatima Fertilizer Company Limited, as well as Arif Habib DMCC Dubai.

Achievements

Arif Habib has remained the Chairman/President of Karachi Stock Exchange six times previously. He is the former chairman as well as founding member of the Central Depository Company of Pakistan Limited. Mr. Habib has served as Board of Investment, Member of the Privatization Commission, Exchange Ordinance Review Committee, and Tariff Reforms Commission and Securities.

In 1971, Mr. Habib started his journey in the stock market and there he invested only Rs.32, 000. From there, in 1990, he successfully launched his own securities exchange firm with an initial investment of Rs10million. Currently, he is one of the most well-known businessmen in Pakistan.

As the Karachi Stock Exchange President, he introduced several reforms which include the central depository system’s establishment, risk management, as well as introduction of computerized trading.

Mr. Habib participated in many professional advancement courses that included Development of Securities Market, organized by the Washington DC, SEC, USA in the year 1992. Furthermore, he visited over countless stock exchanges in many different countries for views exchange.

About Arif Habib Corporation Limited (AHCL)

Arif Habib Corporation Limited is basically the flagship firm of the Arif Habib Group. On 14 November, the firm was merged as a public limited firm under the Companies Ordinance, 1984, with a otal of 40 million. Back in 2001, AHCL was registered on all three country’s bourses, stating an initial public offer (IPO) of about one million shares that targets to raise Rs. 80 million so that different projects can be financed. Since AHCL’s listing in the year 2001, the Firm has distributed a total of Rs. 5.31 billion as dividend (this includes specie dividend) as well as Rs. 720 million by purchasing back 2 million shares of Rs. 10 each at a cost of Rs. 360 per share from its investors. At the moment, the Firm has equity of Rs. 24.69 billion put together through earnings that were retained.

The brand of AHCL has been made on several years of commitment to the finest interests of each and every stakeholder as well as has a strong quality asset selection record and significant market timing.

About Al Habib Group (AHG)

The Arif Habib Group (AHG) proudly ranks in Pakistan amongst the few of the fastest growing multi-sector groups. It has been made truly possible by a verified record of a strong ability in developing as well as identifying successful business projects and making impressive returns in spite of subdued economic development. This Group achieves assets in a surplus of Pk Rs. 37 billion (which is US$ 617 million).

Mr. Arif Habib began as a single proprietor and concentrated on securities brokerage and now he’s one of the most successful businessmen in Pakistan. His company’s success is truly a team effort, as his management team that consists of experienced as well as gifted individuals, has qualified it to obtain its reputation as one of the top firms in Pakistan.

 

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About Emaad Qureshi