Arif Habib Corporation Limited, also known as Arif Habib Group, () is a Pakistani business

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** C ...

company based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. It was founded by Pakistani businessman

Arif Habib Muhammad Arif Habib ( ur, ; b. 1953) is a Pakistani business magnate and stock market trader who is the founder of the Arif Habib Group. As of 2012, Arif Habib Group had 11,000 employees and annual revenue of Rs. 100 billion. He also serves as me ...

History

Arif Habib Group started its operations as a pure capital markets firm in 1970 and was engaged in brokerage business since its inception. In 1994, it incorporated itself as the Arif Habib Securities. In 2006, the group acquired Rupali Bank and renamed it as

Arif Habib Bank Summit Bank ( ur, ) is a Pakistani commercial bank, which is a subsidiary of Suroor Investment and is in Karachi, Pakistan., a Mauritius Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Repu ...

. In 2007, the Arif Habib Group was considered a fairly large financial services conglomerate in Pakistan. It owned one large asset management company, a big investment bank, a securities brokerage firm and a retail bank. During the 2008 worldwide financial crisis, it was at brink of collapse. In 2009, the group sold the bank to Suroor Investments for () which then merged with Atlas Bank and Mybank to form

Summit Bank Summit Bank ( ur, ) is a Pakistani commercial bank, which is a subsidiary of Suroor Investment and is in Karachi, Pakistan., a Mauritius investment company. It has a network of 193 branches across the country. History In 2007, Arif Habib Secu ...

. In 2010, the group merged its investment arm, Arif Habib Investments, with MCB Asset Management to form the MCB-Arif Habib Savings and Investments Limited. The group currently consists of 13 companies spanning the real estate, financial services, energy, cement, steel and fertiliser production sectors. As of 2012, it had over 11,000 employees and an annual revenue of

Rs. Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, B ...

100 billion.

Companies

Aisha Steel Mills Aisha Steel Mills Limited (ASML) () is a Karachi-based steel manufacturing company with production capacity of 220,000 metric tons per year. It is owned by Arif Habib Group. Its plant is located at Bin Qasim, Karachi and produces at a capacity ...

* Sachal Energy Wind Farm *

Silk Bank Silkbank Limited, () formerly known as Saudi-Pak Commercial Bank, is a Pakistani commercial bank which is based in Karachi, Pakistan. It has a branch network of 111 in 29 cities. History Prudential Commercial Bank Limited The bank was founded ...

* Power Cement * Arif Habib Corporation * Arif Habib Consultancy * Arif Habib Limited * MCB-Arif Habib Savings and Investments * Fatima Fertilizers * Pakarab Fertilizers * Javedan Corporation * Arif Habib Commodities

References

Conglomerate companies of Pakistan Companies based in Karachi Pakistani companies established in 1970 Holding companies established in 1970 Companies listed on the Pakistan Stock Exchange {{Pakistan-company-stub