PSX: AHCL | |
Founded | 1970 |
Founder | Arif Habib |
Headquarters | Karachi-74000, Pakistan |
Key people |
|
Revenue | Rs. 7.95 billion (US$28 million) [1] (2023) |
Rs. 3.81 billion (US$13 million) [1] (2023) | |
Total assets | Rs. 57.78 billion (US$200 million) [1] (2023) |
Total equity | Rs. 37.18 billion (US$130 million) [1] (2023) |
Website |
www |
Arif Habib Corporation Limited, also known as the Arif Habib Group, ( Urdu: عارف حبیب کارپوریشن) is a Pakistani business conglomerate headquartered in Karachi, Pakistan. [2] The corporation was founded by Pakistani businessman Arif Habib. [2]
The Arif Habib Group initiated its operations as a dedicated capital markets firm in 1970, initially focusing on brokerage services. [3] In 1994, the organisation formalised its structure and became Arif Habib Securities. [3]
In 2006, the group acquired Rupali Bank, subsequently rebranding it as Arif Habib Bank. [3]
By 2007, the Arif Habib Group had emerged as a substantial financial services conglomerate within Pakistan, comprising a significant asset management company, a prominent investment bank, a securities brokerage firm, and a retail bank. [3] The group faced a critical juncture during the global financial crisis of 2008. [3]
In 2009, the group divested the bank to Suroor Investments for Rs. 2.7 billion (US$32.5 million). This bank was later merged with Atlas Bank and Mybank to establish Summit Bank. [3]
During 2010, the group merged its investment subsidiary, Arif Habib Investments, with MCB Asset Management, culminating in the creation of MCB-Arif Habib Savings and Investments Limited. [3]
Presently, the Arif Habib Group encompasses a diverse portfolio of 13 companies spanning various sectors including real estate, financial services, energy, cement, steel, and fertilizer production. [4]
By 2012, the organisation boasted a workforce of over 11,000 employees and achieved an annual revenue of Rs. 100 billion. [4]
PSX: AHCL | |
Founded | 1970 |
Founder | Arif Habib |
Headquarters | Karachi-74000, Pakistan |
Key people |
|
Revenue | Rs. 7.95 billion (US$28 million) [1] (2023) |
Rs. 3.81 billion (US$13 million) [1] (2023) | |
Total assets | Rs. 57.78 billion (US$200 million) [1] (2023) |
Total equity | Rs. 37.18 billion (US$130 million) [1] (2023) |
Website |
www |
Arif Habib Corporation Limited, also known as the Arif Habib Group, ( Urdu: عارف حبیب کارپوریشن) is a Pakistani business conglomerate headquartered in Karachi, Pakistan. [2] The corporation was founded by Pakistani businessman Arif Habib. [2]
The Arif Habib Group initiated its operations as a dedicated capital markets firm in 1970, initially focusing on brokerage services. [3] In 1994, the organisation formalised its structure and became Arif Habib Securities. [3]
In 2006, the group acquired Rupali Bank, subsequently rebranding it as Arif Habib Bank. [3]
By 2007, the Arif Habib Group had emerged as a substantial financial services conglomerate within Pakistan, comprising a significant asset management company, a prominent investment bank, a securities brokerage firm, and a retail bank. [3] The group faced a critical juncture during the global financial crisis of 2008. [3]
In 2009, the group divested the bank to Suroor Investments for Rs. 2.7 billion (US$32.5 million). This bank was later merged with Atlas Bank and Mybank to establish Summit Bank. [3]
During 2010, the group merged its investment subsidiary, Arif Habib Investments, with MCB Asset Management, culminating in the creation of MCB-Arif Habib Savings and Investments Limited. [3]
Presently, the Arif Habib Group encompasses a diverse portfolio of 13 companies spanning various sectors including real estate, financial services, energy, cement, steel, and fertilizer production. [4]
By 2012, the organisation boasted a workforce of over 11,000 employees and achieved an annual revenue of Rs. 100 billion. [4]