Board Of Directors
Profile Of Directors:
The Company’s success is a team effort, as its Board of Directors and Management team, comprising of gifted and experienced individuals, has enabled it to acquire its reputation as one of the leading business in Pakistan.
Mr. Nasim Beg
Chairman & Non-Executive Director
Mr. Nasim Beg, a Fellow Member of the Institute of Chartered Accountants of Pakistan, is the Chief Executive Officer of Arif Habib Consultancy (Pvt.) Limited along with being the Vice Chairman of MCB-Arif Habib Savings & Investments Limited, an Asset Management Company that was conceived and set up by him and which he headed as Chief Executive till June 2011.
With over forty-five years of experience in the business world including industry and financial services (in and outside the country), Mr. Nasim Beg is one of the most highly experienced professionals in the country.
Before joining the Arif Habib Group, Mr. Beg served as the Deputy Chief Executive of NIT, which he joined during its troubled period and played an instrumental role in its modernization and turn around. He also served as the acting Chief Executive of NIT for a few months. He has also been associated at top-level positions with other asset management and investment advisory companies. Mr. Beg has also held senior-level responsibilities in the automobile industry. During his tenure as the Chief Executive of Allied Precision (a subsidiary of the Allied Engineering Group), he set up a green field project for the manufacture of sophisticated indigenous components for the automotive industry under the transfer of technology licenses with Japanese and European manufacturers. His initiation to the financial services business was with the Abu Dubai Investment Company, UAE, where he was a part of the team that set up the company in 1977. He has also been a member of the Prime Minister’s Economic Advisory Council (EAC).
Corporate Responsibilities
- Arif Habib Consultancy (Private) Limited (Chief Executive)
As Director
- Arif Habib Corporation Limited
- Aisha Steel Mills Limited
- MCB-Arif Habib Savings & Investments Limited (Vice Chairman)
- Naymat Collateral Management Company Limited.
- Pakarab Fertilizers Limited (Nominee Director)
Mr. Arif Habib
Non-Executive Director
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, Javedan Corporation Limited (the owner of Naya Nazimabad) and 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).
Corporate Responsibilities:
As Chairman:
- Fatima Fertilizer Company Limited
- Fatimafert Limited
- Sachal Energy Development (Pvt) Limited
- Javedan Corporation Limited
- Aisha Steel Mills Limited
- Arif Habib Dolmen REIT Management Limited / (Dolmen City REIT)
- Arif Habib Development and Engineering Consultants (Pvt) Limited
- Sapphire Bay Development Company Limited
- Arif Habib Foundation
- Naya Nazimabad Foundation
- Black Gold Power Limited
- Essa Textile and Commodities (Pvt) Limited
As CEO:
- Arif Habib Corporation Limited
As Director:
- Arif Habib Equity (Pvt) Limited
- Arif Habib Consultancy (Pvt) Limited
- Fatima Cement Limited
- International Builders and Developers (Pvt) Limited
- NCEL Building Management Limited
- Pakarab Energy Limited
- Pakistan Business Council
- Pakistan Engineering Company Limited
- Pakistan Opportunities Limited
- Power Cement Limited
- Pakistan National Shipping Corporation.
As Honorary Trustee/Director:
- Fatimid Foundation
- Habib University Foundation
- Karachi Education Initiative
- Memon Health and Education Foundation
- Memon Education Board
- Pakistan Centre for Philanthropy.
Mr. Muhammad Kashif Habib
Chief Executive Officer
Mr. Kashif A. Habib is the Chief Executive of Power Cement Limited. Being 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), where he gained experience of a diverse sectors serving clients spanning the Financial, Manufacturing and Services industries.
He has to his credit over ten years of experience as an Executive Director in cement and fertilizer companies of the group
Corporate Responsibilities
Power Cement Limited (Chief Executive)
As Director:
- Aisha Steel Mills Limited
- Alternatives (Private) Limited
- Arif Habib Corporation Limited
- Arif Habib Equity (Private) Limited
- Arif Habib Foundation
- Arif Habib Real Estate Services (Pvt.) Limited
- Black Gold Power Limited
- Fatima fert Limited
- Fatima Cement Limited
- Fatima Fertilizer Company Limited
- Fatima Packaging Limited
- Memon Health and Education Foundation
- Nooriabad Spinning Mills (Private) Limited
- Pakarab Fertilizers Limited
- Rotocast Engineering Company (Pvt.) Limited
- Safemix Concrete Limited
- Siddique Sons Energy Limited
Mr. Samad A. Habib
Non-Executive Director
Mr. Samad A. Habib is the Chief Executive of Javedan Corporation Limited and Safemix Concrete Limited. Mr. Samad A. Habib has more than 15 years of experience, including 9 years of working in the financial services industry in various senior management roles.
He began his career with Arif Habib Corporation Limited (the holding company of Arif Habib Group) and has served the company in various executive positions including Executive Sales and Business Promotions, Company Secretary, Head of Marketing, etc.
In September 2004, he was appointed the Chairman and Chief Executive of Arif Habib Limited. As Chairman he was responsible for the strategic direction of the company and was actively involved in capital market operations and corporate finance activities such as serving corporate clients, institutional clients, high net worth individuals, and raising funds for clients through IPOs, private placements etc. He resigned from that position in January 2011.
Mr. Samad A. Habib holds a Master’s degree in Business Administration.
Corporate Responsibilities
- Javedan Corporation Limited (Chief Executive)
- Safemix Concrete Limited (Chief Executive)
- NN Maintenance Company (Private) Limited (Chairman)
As Director
- Arif Habib Corporation Limited Arif Habib Dolmen REIT Management Limited / (Dolmen City REIT)
- Arif Habib Equity (Pvt.) Limited
- Arif Habib Foundation
- Arif Habib Development and Engineering Consultants (Private) Limited
- Black Gold Power Limited
- Nooriabad Spinning Mills (Pvt.) Limited
- Memon Health and Education Foundation
- Pakarab Fertilizers Limited
- Pakistan Opportunities Limited
- Power Cement Limited
- Rotocast Engineering Company (Pvt.) Limited
- Sapphire Bay Development Company
Syed Salman Rashid
Non-Executive Director
Syed Salman Rashid holds a Bachelor’s Degree from Karachi University and is a Certified Director from Pakistan Institute of Corporate Governance. He has served with EFU Group for over 30 years and presently serves as a Deputy Managing Director of EFU General Insurance Limited looking after the largest Marketing and Sales Division of the Company. Parallel to his professional services, he has also served on the Board of JS Investments Bank Limited and Power Cement Limited.
As Director:
- EFU Life Assurance Limited
- Power Cement Limited
Ms. Zainab Kashif
Non-Executive Director
Ms. Zainab is a Bachelors in Commerce. She is a proud mother and an active homemaker.
She is gearing up in her family business.
Mr.Anders Paludan
Non-Executive Director
Mr. Anders Paludan – Müller is a Danish National. He holds an MSc in Business Administration and has an experience of over 30 years in the investment sector working all the over the world. He is currently an Investment Director at IFU (Danish Investment Fund for Developing Countries; Copenhagen, Denmark).
As Director:
- Power Cement Limited
Mr. Javed Kureishi
Independent Director
Mr. Javed is a career Banker having spent 34 years with Citibank both in Pakistan and abroad across 5 countries in the Middle East, Africa, Eastern Europe, and Asia where he spent 9 years. Javed held a number of very senior positions across Corporate Banking, Country, Risk, and Regional Management. This included the Corporate Bank Head, Middle East, Chief Executive Officer, Czech Republic, Asia Pacific Regional Head for Multinational Subsidiaries, and Asia Pacific Head of Public Sector. Javed has extensive knowledge of Asia Pacific in particular having traveled to China 35 times. Javed is presently working as a Senior Consultant to the International Finance Corporation (IFC) in Pakistan since Nov 2019. Javed has a BA Hons in Economics from The University of Sussex, UK. Javed is also a keen sportsman. He was Captain of the Pakistan Under 19 Cricket team that toured India and Sri Lanka in 1978-79. He played first-class cricket for PIA and Sind and represented Sussex Under 25, Combined English Universities. Javed also played Field Hockey for his University from 1981-83. Mr. Javed’s other interests include Reading, Music, and History.
As Director:
- Fauji Foods Limited
- Pakistan Stock Exchange
- Pakistan Corporate Restructuring Company Limited
- Power Cement Limited
- Pakistan Cricket Veterans Cricket Association
- Pakistan Cricket Board
- Sindh Infrastructure Development Company Limited
Mr. Khursheed A. Jamal
Independent Director
Mr. Khursheed A. Jamal is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) since 1990. Mr. Khursheed brings more than 35 years of experience and held various corporate and management positions as Chief Accountant, Manager Taxation, Manager Internal Audit, Company Secretary, Director Finance, Chief Operating Officer and Chief Executive Officer.
Mr. Khursheed was associated with Ghulam Faruque Group (Cherat Cement, Cherat Electric and Cherat Packaging), Dewan Mushtaq and Yousuf [Dewan Group Dewan Cement (Pakland Cement), Dewan Sugar, and other group companies] and Al-Abbas Group (Al-Abbas Sugar, Al-Abbas Cement and other Group companies).
Mr. Khursheed is also a certified director from ICAP and he is currently associated with Habib Sugar Mills Limited.