TOGETHER |
WE ARE |
STRONGER |
A N N U A L R E P O R T 2 0 2 2 |
ARIF HABIB GROUP
Since initiation, the Arif Habib Group has grown by imagining possibilities and developing a blueprint to convert them into reality. It has made a difference to lives across Pakistan by being a responsible investor supporting the country's growth story and boosting relevant sectors of national importance.
With an entrepreneurial essence and passion to undertake business projects that fuel the growth of society and economy, the Arif Habib Group has built and continues to develop businesses in the areas of financial services, fertilisers, cement, steel, renewable energy and real estate development.
After having found a strong foothold in financial services, the Group, over time, has diversified into emerging business areas, with meaningful contributions to Pakistan's economy. The Group draws strength from its own human capital, as well as, its ability to forge strong partnerships with other business houses and benefit from collective strength. To continuously strive for quality and excellence are an integral part of the Group's business model and these are not merely corporate slogans but the formula for achieving success. An important part of our strategy is to continue raising the bar.
With a strong belief, consistent and unwavering faith in Pakistan's immense growth potential, the Arif Habib Group is committed to serve the country, community and all its stakeholders reach maximum potential through innovation, transforming challenges into opportunities.
ARIF HABIB CORPORATION LIMITED
Arif Habib Corporation Limited (AHCL) is the flagship company of the Arif Habib Group. The company took over the sole proprietorship business set up by Mr. Arif Habib in 1990 and was incorporated in 1994 as a public limited company with a paid up capital of PKR 40 million. AHCL was listed in 2001, with an initial public offering (IPO) of one million shares, targeting to raise PKR 80 million in order to finance growth. Since its listing in 2001, the Company has distributed PKR 15 billion as dividend (including specie dividend) and PKR 720 million by buying back two million shares (having face value of PKR 10 each) at a price of PKR 360 per share from its shareholders. Currently the Company's equity is PKR 23,834 million built through retained earnings. Thus, by 30th June 2022, the initial investors in the IPO of the Company, have had a compounded all annualised return of 25.71% (2001).
The Arif Habib brand, is today seen as the name that assures a commitment to best practices and putting its stakeholders first, which they have come to expect of the Company striving to be the best in its class.
ARIF HABIB GROUP'S JOURNEY
Acquisition of Sachal
Energy Development
(Pvt) Ltd (to set up
Wind Power)
Merger of Arif Habib
Investments and
MCB Asset
Management
Launch of Naya
Nazimabad Housing
Project
2011
Establishment of Arif
Habib Securities
Limited (Now Arif
Habib Corporation
Limited)
1994
Establishment of
Asset Management
Company, Arif Habib
Investments (now
MCB-Arif Habib
Savings and
Investments Limited)
Listing of Arif Habib
Corporation Limited
on Stock Exchange
2001
Establishment of Arif
Habib Limited by
separating brokerage
business from Arif
Habib Securities Limited
Acquired Rupali Bank, renamed as Arif Habib Rupali Bank and then Arif Habib Bank
Acquisition of Sukh
Chayn Gardens and
Thatta Cement
2004
Acquisition of
Pakarab Fertilizers
Limited
2005
Achieved Financial Close for expansion of Aisha Steel and Power Cement
Incorporation of
Black Gold Power
Limited for 660MW
Coal Power Project
2017
Establishment of Arif
Habib Commodities
(Pvt) Ltd
2012
Invested in Power
Cement Limited
Acquisition of
Javedan Cement
Limited
Invested in Fatima Fertilizer Company Limited, which was established as a green field project
2006
Achieved COD of
Aisha Steel's
expansion
2019
Became a joint
venture partner in
Aisha Steel Mills
Limited
2007
Achieved COD of
Power Cement's
expansion
2020
Acquisition of DH
Fertilizers
Launch of Dolmen
City REIT, South
Asia's first listed
REIT
2015
Establishment of
REIT Management
Company
Divestment of Arif
Habib Bank (now
Summit Bank) and
Thatta Cement
2009
Launch of Silk
Islamic Development
REIT, Pakistan's first
developmental REIT
2021
Acquired stake in
ICPL (Dolmen City)
2008
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Arif Habib Corporation Ltd. published this content on 07 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2022 10:31:02 UTC.