Election of Directors 2024
Contesting Candidates and their Profiles
Mr. Muhammad Siddiq Khokhar
Director
Abdullah Ghaffar
Director
Abdul Qadir Sultan
Director
Mrs. Darakshan Zohaib
Director
- 1st floor Arif Habib Center, 23 M.T.Khan Road, Karachi.
Director
Director
Director
Director
Chairman
Mr. Arif Habib is the Chairman of Arif Habib Group and Chief Executive of Arif Habib Corporation Limited, the holding company of Arif Habib Group. He is also the Chairman of Fatima Fertilizer Company Limited, Aisha Steel Mills Limited, Sachal Energy Development (Pvt.) Limited and Arif Habib Dolmen REIT Management Limited.
Mr. Arif Habib remained the elected President/Chairman of Karachi Stock Exchange for six times in the past and was a Founding Member and Chairman of the Central Depository Company of Pakistan Limited. He has served as a Member of the Privatisation Commission, Board of Investment, Tariff Reforms Commission and Securities & Exchange Ordinance Review Committee. He has been a member of the Prime Minister’s Economic Advisory Council (EAC) and the Think-Tank constituted by the Prime Minister on COVID-19 related economic issues. He has also remained a member of the Prime Minister’s Task Force on attracting Foreign Direct Investment (FDI) and a member of Advisory Committee of Planning Commission.
Mr. Habib participates significantly in welfare activities. He remains one of the directors of Pakistan Centre for Philanthropy (PCP), Habib University Foundation, Karachi Education Initiative (KSBL), Arif Habib Foundation and Naya Nazimabad Foundation as well as trustee of Memon Health & Education Foundation (MMI).
– Arif Habib Corporation Limited
– Fatima Fertilizer Company Limited
– Fatimafert Limited
– Sachal Energy Development (Private) Limited
– Aisha Steel Mills Limited
– Arif Habib Dolmen REIT Management Limited / (Dolmen City REIT)
– Arif Habib Development and Engineering Consultants (Private) Limited (formerly known as Arif Habib Real Estate Development Company (Private) Limited)
– Sapphire Bay Development Company Limited
– Arif Habib Foundation
– Naya Nazimabad Foundation
– Black Gold Power Limited
– Essa Textile and Commodities (Pvt.) Limited
– Arif Habib Equity (Private) Limited
– Arif Habib Consultancy (Private) Limited
– Fatima Cement Limited
– International Builders and Developers (Private) Limited
– NCEL Building Management Limited
– Pakarab Energy Limited
– Pakistan Business Council
– Pakistan Engineering Company Limited
– Pakistan Opportunities Limited
– Fatimid Foundation
– Habib University Foundation
– Karachi Education Initiative
– Memon Education Board
– Memon Health and Education Foundation
– Pakistan Centre for Philanthropy
Chief Executive Officer
Starting his career at Arif Habib Corporation Limited, Mr. Samad Habib developed his experience in sales, marketing and corporate activities, working his way up through various executive positions.
In 2004, Mr. Samad Habib joined Arif Habib Limited leading the company as its Chairman and Chief Executive. He played a key role in shaping the strategic direction of the company where he specialized in capital market operations and corporate finance. Several noteworthy Initial Public Offerings (IPOs) and successful private placements took place under his stewardship, showcasing his exceptional financial acumen and deep market insight.
Mr. Samad Habib transitioned to Javedan Corporation Limited, in 2011, as the driving force behind the transformation of a dilapidated cement plant to a vibrant living community, Naya Nazimabad. Mr. Samad Habib has been pivotal to advancing positive societal change, providing the city’s middle class an elevated standard of living. His dedication, passion for social betterment and optimism are set to further transform the area with the largest commercial precinct development in the city presently under planning.
In 2019, Mr. Samad Habib took the role of CEO of Safe Mix Concrete Limited. Guided by his strategic acumen, Safe Mix Concrete has undergone a remarkable transformation from a lossmaking entity to a profitable enterprise.
– NN Maintenance Company (Private) Limited
– Aisha Steel Mills Limited
– Arif Habib Dolmen REIT Management Limited
– Arif Habib Equity (Pvt.) Limited
– Arif Habib Foundation
– Arif Habib Development and Engineering Consultants (Private) Limited (formerly known as Arif Habib Real Estate Development Company (Private) Limited)
– Black Gold Power Limited
– Nooriabad Spinning Mills (Pvt.) Limited
– Memon Health and Education Foundation
– Pakistan Opportunities Limited
– Power Cement Limited
– Rotocast Engineering Company (Pvt.) Limited
– Sapphire Bay Development Company Limited
– Sukh Chayn Gardens (Pvt.) Ltd
– Sachal Energy Development (pvt.) Limited
– Biomasdar Pakistan Limited
Director
Muhammad Ejaz is the founding Chief Executive of Arif Habib Dolmen REIT Management Limited, Pakistan’s pioneering REIT Management company. He has been associated with Arif Habib Group since 2008 and sits on the board of several group companies. He has spear headed several group projects when these were at a critical stage during their execution.
Prior to joining Arif Habib Group, Ejaz has served at senior positions with both local and international banks. He was the Treasurer of Emirates NBD bank in Pakistan and served Faysal Bank Pakistan as Regional Head of Corporate Banking group. He also served Saudi-Pak Bank (now Silkbank) as Head of Corporate and Investment Banking. He also had short stints at Engro Chemical and American Express bank.
Ejaz did his graduation in Computer Science from FAST, ICS and did MBA in Banking and Finance from IBA, Karachi where he has also served as a visiting faculty member. He has also conducted programs at NIBAF–SBP and IBP. He is a Certified Director and also a Certified Financial Risk Manager.
He actively participates in the group’s CSR initiatives especially those which render services in the fields of health and education with emphasis on female literacy.
– Arif Habib Dolmen REIT Management Limited (Chief Executive)
– Sapphire Bay Development Company Limited (Chief Executive)
– Arif Habib Corporation Limited
– Arif Habib Development and Engineering Consultants (Private) Limited
– Sachal Energy Development (Pvt.) Limited
Director
Mr. Kashif A. Habib is the Chief Executive of Power Cement Limited. As a member of the Institute of Chartered Accountants of Pakistan (ICAP) he completed his articleship from A.F. Ferguson & Co. (a member firm of Price Waterhouse Coopers) gaining invaluable insight across sectors, catering to clients across the Financial, Manufacturing, and Services industries.
He has to his credit four years of experience in Arif Habib Corporation Limited as well as over a decade’s experience as an Executive Director in cement and fertilizer companies of the group. This exposure not only enriched his understanding of diverse corporate dynamics but also enabled him to refine his strategic decision-making capabilities.
Kashif is deeply committed to enhancing the country’s energy landscape. He remains engaged with experts to establish renewable energy as a viable and readily available solution, benefiting not only industries but also the public at large.
– Power Cement Limited (Chief Executive)
– Aisha Steel Mills Limited
– Fatima Fertilizer Company Limited
– Arif Habib Equity (Private) Limited
– Arif Habib Foundation
– Arif Habib Development and Engineering Consultants (Private) Limited (formerly known as Arif Habib Real Estate Development Company (Private) Limited) Services (Pvt.) Limited
– Black Gold Power Limited
– Essa Textile And Commodities (Private) Limited
– Fatimafert Limited
– Fatima Cement Limited
– Fatima Packaging Limited
– Nooriabad Spinning Mills (Pvt.) Limited
– Pakarab Fertilizers Limited
– Rotocast Engineering Company (Pvt.) Limited
– Safemix Concrete Limited
– Siddqsons Energy Limited
– Sachal Energy Development (Pvt.) Limited
– Biomasdar Pakistan Limited
– Pakistan Opportunities Limited
Director
Mr. Muhammad Siddiq Khokhar holds Master’s degrees in Economics and Islamic Studies, as well as an L.L.M. from Karachi University. He is a member of the Karachi Bar Association and is enrolled with the Sindh Bar Council. He is an Advocate High Court and practicing in the field of Civil, Criminal, Corporate, and Labour matters.
He has gained extensive experience in the area of Finance, Economics, Management, and Legal affairs and is recognized as a leading critic in the areas of Accounts, Finance, and Budgeting etc.
At present, Mr. Khokhar serves on the boards of Al-Abbas Sugar Mills Limited, Sindh Abadgar Sugar Mills Limited, and AKD Hospitality Limited (AHL). He also holds the position of Chairman of the Audit Committee and is a member of the HR Committee of AHL. Additionally, he also serves on the board of Safe Mix Concrete Limited.
His previous roles include a nine-year tenure on the Board of Javedan Corporation Limited, encompassing three consecutive terms, as well as serving as a Director at Dawood Investment Bank as a nominee of NIT. He has also held the position of Director at Apna Micro Finance Bank Limited, formerly Network Micro Finance Bank Limited, and was a Director at Golden Arrow Selected Stocks Fund, where he also served as Chairman of the Audit Committee.
Director
Mr. Ghaffar is a career financial services professional with an experience of over 35 years across various functions including Retail Banking, Corporate Banking, Capital Markets, Cash Management, Islamic Products & Services, and Information Technology.
Mr. Ghaffar is currently associated with Bank of Khyber as SEVP-Islamic Banking Group. His previous banking position was with Al-Baraka Bank Pakistan Limited as SEVP/ Group Head for ‘Corporate & Investment Banking’. He has previously held leadership positions in leading financial institutions such as United Bank Limited (Head of Islamic Banking) and Standard Chartered Bank (Associate Director – Islamic Banking).
Mr. Ghaffar graduated from the Institute of Banking Administration (IBA), Karachi with an MB and subsequently complete professional training in Islamic Banking from Darul-Uloom, Korangi, and SBP-NIBAF. He is also a certified Director from the Lahore University of Management Science.
Director
Mr. Abdul Qadir Sultan is a Qualified Chartered Accountant from the Institute of Chartered Accountants of Pakistan (ICAP). He is currently working as the Director, Operational Risk at Tiqmo, a premier fintech in the Kingdom of Saudi Arabia owned by the Ajlan Group. He has been in the GRC domain in the Digital Financial Services for more than a decade in companies licensed in the UAE, KSA and Pakistan. He completed his articleship from A.F. Ferguson & Co. one of the finest accountancy firms in Pakistan. He has working experience of over 19 years in various diversified capacities.
He is a certified director from ICAP and holds a diploma in Islamic Finance from CIMA (UK).
Mr. Sultan takes keen interest in the promotion of education, trade and industry and strongly advocates these causes through various professional, corporate and trade platforms.
Director
Mrs. Darakshan Zohaib has completed her graduation and is now currently pursuing her career in the field of accounts as Association of Chartered Accountant (ACCA). She has completed her internships in Central Depository Company Limited (CDM), Hum Television Network and A.F Ferguson and Company as an Audit Trainee. Furthermore, she has achieved
Academic Excellence Award 2009. She is also serving on the Board of Directors of Al-Abbas Sugar Mills Limited.
Director
Mr. Shahid Iqbal Choudhri brings a wealth of diversified professional experience with an illustrious career spanning over 30 years. He has held senior positions in major commercial and investment banks and development finance institutions (DFIs) in the country, playing a pivotal role in the overhaul and transformation of business operations, risk architecture, remedial frameworks, credit policies, and human capital.
Throughout his assignments, Mr. Shahid has developed and turned around various core banking functions in corporate and remedial sectors, significantly contributing to the growth of the economic landscape and the bottom-line profitability of the banks.
As Group Head of Corporate and Investment Banking Group (CIBG), he spearheaded one of the largest corporate asset portfolios in the country, encompassing key sectors such as textiles, power, cement, fertilizer, sugar, appliances, oil and gas, telecommunications, engineering, procurement and construction (EPC), steel, construction, real estate, and other sectors of core national importance. Under his leadership, CIBG provided customized end-to-end structured solutions to meet the diverse business needs of its clientele, including but not limited to project finance, investment banking, working capital management, structured trade, foreign exchange, trust and custodial services, and cash management, all driven by technologically advanced solutions. Mr. Shahid served a wide array of clients, including large corporations, multinational companies (MNCs), government ministries and departments, and specialized agencies of the Government of Pakistan.
Mr. Shahid serves as the Chairman of the Board of Directors for Agritech Limited. He holds an MBA degree and has successfully completed the Directors’ Training Program at the Lahore University of Management Sciences (LUMS).