Arif Habib Corporation
| Arif Habib Corporation Limited | |
|---|---|
 | |
Native name | شرکت عارف حبیب محدود |
| Type | Public |
| PSX: AHCL | |
| Industry | Holding |
| Founded | 1970 |
| Founder | Arif Habib |
| Headquarters | Karachi-74000, Pakistan |
| Key people |
|
 Rs. 7.820 billion (US$28 million) (2024) | |
| Total equity | Rs. 43.049 billion (US$150 million) (2024) |
Number of employees | 23 (2024) |
| Subsidiaries | Sachal Energy Development Limited (85.83%) Arif Habib Limited (72.92%) Rayaan Commodities (72.92%) Pakistan International Airlines (100%) |
| Website | arifhabib |
| Footnotes Financials as of 30 June 2024[update] | |
Arif Habib Corporation Limited, also known as the Arif Habib Group, (Urdu pronunciation: [ˈaː.rɪf ha.ˈbiːb] AA-rif hah-BEEB) is a Pakistani business conglomerate headquartered in Karachi, Pakistan. The corporation was founded by Pakistani businessman Arif Habib.
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, Arif Habib acquired Rupali Bank and renamed it as Arif Habib Bank.
In 2007, Arif Habib 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, Arif Habib sold the bank to Suroor Investments for Rs. 2.7 billion (US$32.5 million) which then merged with Atlas Bank and Mybank to form Summit Bank.
In 2010, Arif Habib merged its investment arm, Arif Habib Investments, with MCB Asset Management to form the MCB-Arif Habib Savings and Investments Limited.
Subsidiaries
- Sachal Energy Development Limited (85.83%)
- Pakistan International Airlines (100%)
- Arif Habib Limited (72.92%)
- Rayaan Commodities (72.92%)
- Safe Mix Concrete (32.40%)
- Javedan Corporation (19.84%)
- Aisha Steel Mills (13.8%)
- Fatima Fertilizer Company (15.19%)
- Power Cement (6.50%)
Former
- MCB-Arif Habib Savings and Investments
- Pakarab Fertilizers
- Silk Bank
See also
References
- ↑ "Arif Habib Annual Report 2024". Retrieved 30 April 2025.
- 1 2 "Arif Habib Group". Archived from the original on 2017-12-23. Retrieved 2017-12-25.
- 1 2 3 4 5 6 7 8 9 "Arif Habib Group seeks new post-crisis identity". The Express Tribune. 9 September 2010. Archived from the original on 28 May 2014. Retrieved 16 June 2021.
- ↑ Mangi, Naween A. (30 November 2012). "Pakistan, Land of Entrepreneurs". Bloomberg. Archived from the original on 6 March 2021. Retrieved 16 June 2021.
- ↑ "Arif Habib to set up power plant with Chinese funding". The Express Tribune. 9 August 2017. Archived from the original on 12 November 2020. Retrieved 16 June 2021.
- ↑ "Pakistan's PIA privatisation moves forward following stake bidding war". Reuters.com. Retrieved 24 Dec 2025.
- ↑ Farhan Zaheer (18 January 2017). "Arif Habib Group to invest Rs25b in new cement plant". The Express Tribune. Archived from the original on 10 September 2018. Retrieved 16 June 2021.
- ↑ "Arif Habib Corp acquires 28% stake in Silkbank". The Express Tribune. 9 December 2015. Archived from the original on 4 July 2019. Retrieved 16 June 2021.